“Are you worried?” No, because I have put an absurd number of skill points into being good at this sort of thing. But I imagine typical family who had been here for <2 months would be sweating bullets at the moment.
@patio11
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Washington’s Software Project Challenges Echo Across Decades
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Interestingly this software echoes a decade later, both in Washington’s learned helplessness about doing software projects and in a “fun” loop I am going through at the moment.
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First-person account of healthcare.gov rescue effort
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A nice first person account of the healthcare .gov rescue effort:
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Why Billion Dollars Cannot Simply Buy Software
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https://
overcast.fm/+BA27sWp9vs My single favorite line, from a discussion of why taste is necessary for software development and why large organizations can’t simply buy it, paraphrased: @patrickc
: “You can’t simply turn a billion dollars into software. Just ask the government.” -
Stripe Founders Discuss Entrepreneurship and Payments on Podcast
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There was a really good podcast episode with Patrick and John Collison on Invest Like the Best. It’s denser than most podcasts, covering (among others) differing perspectives on founder-as-auteur versus founder-as-metonym-for-tribe, how payments has gotten more complex, etc.
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Crypto Fraud: Internal Memos Reveal Customer Fund Manipulation Schemes
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Complicated by written internal memos explaining that the object of the puffery was convincing customers to not withdrawal their money and instead to deposit more to fill the holes. Also complicated by the professional culture of crypto not being an enshrined one. And by retail.
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Crypto Insolvency: Insider Knowledge of Market Deception Revealed
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One of the reasons I was Mr. Chicken Little last year about the crypto market was because I was reliably informed they internally understood themselves to be insolvent while putting out calm-the-waters statements.
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Tech Company Fraud: False Statements About Internal Problems
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DCG is criticized for, among other things, making false public statements that everything was fine when internally understanding that things were very not fine. Fraud is a really simple crime.
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IRS Capital Loss Limits on Startup Investments
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You: “There is no guarantee that this company ever exits!”
IRS: “Then you can claim $3k a year of capital losses back. After you pay.”
You: “Even if we successfully exit it might take another 10 years!”
IRS: “The United States will be here and diligently pursue what it is owed.” -
Startup Founders Face Tax Obligations on Vested Equity
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And so if you are a founder of a high flying startup and own 20% in year 4 when it is worth $200 million, congratulations! IRS: “Alright you vested $8 million of equity this year.”
You: “Paper wealth only.”
IRS: “Yeah most is. You owe approximately $3.5 million.”