Late answer: we added $20k of solar panels to our roof in SoCal in late 2020.
Get back about $1.8k from the utility every year, instead of $300-600 per month bill.
All else staying the same, the system will be paid off in about 3 years (6 years after installation). FWIW There was a tax rebate of $5500 at the time.
My doctor advised me to get the Shingrix vaccine with a 97% effective rate instead of Zoster with a 52% effective rate. But if Zoster also prevents dementia and Shingrix doesn't, what's the expectation-maximizing choice?
My brother in law works as an engineer for Tesla Palo Alto: according to him these features are all driven from the very top. Always at the expense of fixing bugs, or getting even basic things working reliably in ways that would make driving safer and more enjoyable.
Make your own conclusions about buying one. I would steer clear, literally, knowing some of the bugs in there.
This tracks with everything we’re seeing at Twitter now. A passion for high level feature ideas and an apparent disinterest in confounding issues or technical complications.
As a robotics engineer for a long time I thought they were ahead of the curve. But I am beginning to see that their big bet isn’t paying off, and I’ve taken more of an interest in going back and listening to those people who said it wasn’t going to work.
Haven't seen discussed yet, but for me the killer feature would be the ability they mention to be able to pay for individual "articles".
I.e. maybe a federated micropayment news feed where i don't have to subscribe to NYTimes AND WaPo, AND (many others), but only pay pennies for individual stories.
Data point fwiw: the company I work for SOLD me some of their shares when I joined. I.e. not a grant. The company owns options to buy back the shares on the usual schedule of a cliff after one year, then monthly for 4 years.
So no tax consequences until I sell the shares and pay capital gains.
The caveat is that the valuation that they sold the shares at must be well below their last raise for it to make sense for me to buy the shares. So it only really works for early stage companies.
After this early stage is over, selling me actual options works better.
This is what’s typically done for founders—it’s called reverse vesting where the company gradually loses the right to repurchase them over time. Generally this is done when the company is new, pre-409a.
There’s nice tax advantages to this approach if you make an 83b election since the shares start counting toward long-term capital gains immediately.
Thanks! That does make a lot of sense for founders, but OP mentioned "the company sold him shares" which leads me to some sort of weird pseudo options thing. Hoping they can clear that up so I can understand more.
Reverse vesting seems way more straightforward: you sign, you get equity immediately, company can take back any at agreed upon price at whatever intervals defined in the contract.
Right, and it avoids some tax issues later as you have owned and held them since you started (jurisdiction dependent).
Reverse vesting is pretty common for founding employees, or near then, also, ime. The only problem is if the share value isn’t justifiable very low, it can be too expensive.
The moment you raise any significant amount , the implied valuation may make this impractical.
Any company claiming to be employee-friendly should offer this while its 409A valuation is low. 10-year exercise windows take care of the people who come later and should also be standard at this point.
I don't get your confusion. There are lots of things that I don't care for without that making them bad. Certainly in the case of Love Death and Robots I'd say that none of the episodes where bad, even though there are quite a few that I didn't particularly enjoy or thought where kind of dumb.
Kudos to Kofi for a nice project and a good write-up :+1: :)
Since you're not planning on continue the project, and are interested on 'Elm on the server', you might look at Purescript, which has a similar syntax, and compiles to Javascript, and also the BEAM: https://github.com/purerl
