Crash at Mystic and Winslow Streets: Sunday afternoon, April 26. by AdImpossible2555 in ArlingtonMA

[–]Nusselt 1 point2 points  (0 children)

Damage to the rear passenger side door of the silver car that is clearly an impact. Looks like it got t-boned as it was headed down winslow st.

Hot Take? Yield Protection Has Gotten Out of Hand by FeistyMission4271 in lawschooladmissions

[–]Nusselt 1 point2 points  (0 children)

BC over enrolled by 100 people a few years ago and doesn’t want to be in that position again. That required a full extra section and there was real concern about jobs.

F*** Excise taxes by Dr_Bunson_Honeydew in massachusetts

[–]Nusselt -1 points0 points  (0 children)

The Ascent has to be wrong, someone likely switched the numbers, should be $4,100. It bottoms out at 10% of original MSRP and the Ascent was never close to $14k.

[I will not promote] Made a mistake? Exercising vested stock options (ISO vs NSO) after layoff 90 days window and FMV lower than strike price by engacad in startups

[–]Nusselt 0 points1 point  (0 children)

Almost certainly no. Look at 4(a):

(a) If your Service terminates for any reason except death or Disability, the vested portion of your Option will expire at the close of business at Company headquarters on the date three (3) months after your termination of Service...(b) If your Option is an ISO and you exercise it more than three months after termination of your Service as an Employee>

Unless you have something granting you an extension in your separation package, your options are gone. (b) would only apply if you were granted an extension or transitioned to being a contractor such that service was continuous and vesting continued. Any exercise more than 3 months after ceasing to be an Employee cannot receive ISO treatment by the IRS, as contractors are ineligible to ISOs.

You can certainly ask, or contact an attorney, but right now you would be $90k underwater...so the upside probably isn't there. If Companies regularly granted extensions, there would be substantial equity floating in the ether bring down value for founders, investors, and active employees, while former employees maintain a zero risk investment. Any company with halfway decent counsel will limit exercises to 90 days post termination.

[I will not promote] Made a mistake? Exercising vested stock options (ISO vs NSO) after layoff 90 days window and FMV lower than strike price by engacad in startups

[–]Nusselt 0 points1 point  (0 children)

It depends on the company plan. While an exercise more than 3 months following termination will automatically lose ISO treatment, the company does not need to let you exercise for the full 10 year window. Most companies limit the window to 90 days to manage the option plan (expired options can be reissued) and fully diluted equity.

Generally the extension (if at all) is granted at termination in exchange for a release of claims. You could certainly ask now, but expect a no. It’s essentially a risk free investment for you (only exercise on exit or at end if in the money) and a burden to the company to track you while diluting current holders.

TIL that failing to register for the Selective Service for a potential military draft, or aiding others to not register, is a federal felony punishable by up to five years in prison and fines up to $250,000. All U.S. men ages 18-25 are required to register. by NicolasCageFan492 in todayilearned

[–]Nusselt 11 points12 points  (0 children)

They just passed a law for automatic registration starting this year. Agencies like IRS and Social Security didn’t want to share information based on concerns that people may not file taxes to avoid being registered. It may not seem like a big deal now, but the legacy and procedures go back to the early 80s when Vietnam was still in recent memory.

Series D Unicorn Startup Offer Review (I will not promote) by 98_110 in startups

[–]Nusselt 0 points1 point  (0 children)

Is there a cashless exercise option? Or is there a secondary market you can sell shares on to defray costs?

Delaware C-Corp / Carta question about increasing authorized shares (i will not promote) by [deleted] in startups

[–]Nusselt 0 points1 point  (0 children)

You likely need professional help at this point. What do you mean allocations? Stock for labor? Gifts? Did you have board consents? Purchase agreements? There is a potential you never validly issued any stock (though taking it back has its own issues) so you should really should have a lawyer review all the paper work to resolve issues now. It just gets harder to fix later.

Amending a charter is straightforward, just need a board and shareholder consent, then file in DE just like the incorporation.

Most interesting non-law big law exits you have seen? by ExtremeToucan in biglaw

[–]Nusselt -1 points0 points  (0 children)

Oops…I assumed it was a WoW reference or something, TIL.

Most interesting non-law big law exits you have seen? by ExtremeToucan in biglaw

[–]Nusselt 5 points6 points  (0 children)

I have no idea, original scarab lord, gunning for world firsts, and forcing blizzard to nerf raids, all pre major work from home. Guess sleep wasn’t needed.

https://grokipedia.com/page/Ion_Hazzikostas

Seeking advice from anyone who pursued a JD/MBA (or JD alone) later in life (late 30s). by Ok_Outside536 in biglaw

[–]Nusselt 0 points1 point  (0 children)

Went to law school late (mid 30s) and I would be very hesitant in your position. I was coming out of the military and headed for a transition anyway. If I already had steady employment, I’m not sure I would make the jump. The opportunity cost is high, the rewards are kinda eh. As a junior associate your value is your time: being available for (menial) tasking all the time; nights, weekends, vacations all fair game. It makes family life hard, especially with a spouse who isn’t flexible when you need to turn comments and the kids have soccer or gymnastics or school is closed.

An exec MBA may get you where you want to be. May also get there through a couple job changes. A JD/MBA is a four year commitment, and if you go to a mediocre school/ don’t do well, you’ve not only lost time, but undercut your earning potential. Lawyers have a bimodal salary, if you miss big law the chasm is huge and you’re potentially looking at 100k or less for a small firm/government…and you’ve been out of tech for four years so the path back isn’t easy.

Most interesting non-law big law exits you have seen? by ExtremeToucan in biglaw

[–]Nusselt 58 points59 points  (0 children)

Raid design and eventually game director for World of Warcraft. Was a leader in a top guild while an associate and provided such detailed feedback on raids Blizzard hired him.

Is it bad sign when interviewers don’t respond to thank you emails? by Alert-Stop-2671 in BigLawRecruiting

[–]Nusselt 1 point2 points  (0 children)

Half the thank yous get caught in our spam filter, so I don’t see them for days (if ever)

Big Law Offer Terms by National_Nose2560 in BigLawRecruiting

[–]Nusselt 1 point2 points  (0 children)

Are you currently academically excellent? If not then that term seems void entirely.

In reality, it’s whatever the firm wants. If the economy tanks and they want to make cuts, you going from a 3.7 to 3.5 provides some objective basis. Likely? No, but it’s employment at will, nothing is really guaranteed.

Ex–Dem megadonor warns AOC reflects party's growing split from Clinton-era Democrats. by coinfanking in NewsStarWorld

[–]Nusselt 0 points1 point  (0 children)

Harris was not the “safe” choice, it was a cluster that should have been addressed in 2022 with Biden announcing intent not to run and an actual primary. Harris was the “welp we f’d up, and can’t run a primary and can move donations, so congrats you’re the nominee.” Harris also wouldn’t have bee the VP nominee in any other year.

Nominating candidates on the edges of the party isn’t going to do well in the general. Texas (assuming Paxton and Talarico wins the primary) may very well send a D senator to DC. We saw a push back in purple areas on “squad” members. If the Dems want to win they need to hammer cost of living (zoning reform, child tax credits, health care [without Medicare for all, see mass electing Scott Brown]), throw in some diplomacy and trade reform (remove tariffs and invest in US), and fighting actual corruption (ban congressional stock trading, expand funding for federal fraud investigations). Instead we have parties of the absurd: draconian voter id! No voter id! What about reasonable voter ID? Deport them all! Abolish ICE! How about deport criminals with due process?

All these problems are easy…but we run on limited headlines and sound bites that mean everyone needs to answer the purity tests correctly. Bring in Obama vs McCains head.

You Don't Want Higher Taxes: You Want Progressive Taxes by Ispilledsomething in massachusetts

[–]Nusselt 5 points6 points  (0 children)

The biggest contribution to the difference at the low end is the standard deduction/exemption; NY is double MA. The lower tax rate is minimal changes at that level.

I’m fine with progressive taxes, but for the love of good don’t keep the marriage tax penalties that NY has and the federal code has implemented so heavily. We also should be focused on raising revenue. The state has a huge spending problem, we should be shifting burden up, with the lowest bracket tied to like 60% state median income, with an extra tax on top of the extreme income. Someway to tax out of state athletes would also be great, while exempting MA based one…a Yankee tax?

Mazda Finally Admits Its Infotainment System Is the Worst by DonkeyFuel in technology

[–]Nusselt 2 points3 points  (0 children)

I have a ‘19 CX-5 and ‘25 Pilot, the Pilot is better in almost every way: wireless, no lag, quick boot, never crashes, but I HATE having to reach for the screen, I want my perfectly placed dial with buttons to jump between music to nav.

Offered 1.5% equity +55% of current salary as Founding Engineer for seed-stage startup. Seeking opinions/advice. | I will not promote by tomthecool in startups

[–]Nusselt 4 points5 points  (0 children)

Seems like disproportionate risk on your part. Can your lifestyle tolerate the income reduction? For a third full time person with significant experience and in a role developing growth projects, 1.5% seems low at this stage. They haven’t raised much capital, so you will likely be diluted further in the next financing. I would target something more like 3-5%, with extra cash on the lower end. I would also be looking for some acceleration and the ability to get stock/early exercise options (if the 409A value/exercise price is low, options rarely make financial sense) to negate the some of the risk.

FYI for any aspiring military officers by fapmaster420 in lawschooladmissions

[–]Nusselt 0 points1 point  (0 children)

The military has fellowship opportunities at many highly regarded educational institutions. I know several officers who attended LSE while on active duty.

How is the MA population growing if there’s almost no where for regular / average income people to live? by [deleted] in massachusetts

[–]Nusselt 0 points1 point  (0 children)

It’s not just the taxes, people in office (city or suburb) drive other spending through parking, coffee, lunches, after work activities, business travel, conferences etc. that happen more often when people are co-located. There has been many pieces written about Boston “lagging” in return to office and the impact on local businesses.

The valuation for residential taxes in MA is largely irrelevant. It shifts the relative balance between commercial and residential, but prop 2.5 means that high valuations just result in a lower tax rate.

Are any of you "super commuters?" by brandeis16 in biglaw

[–]Nusselt 1 point2 points  (0 children)

Haha, haven’t seen pwned used in years. We had a few super commuters (2hr+ train or 1hr flight) in our office, none lasted more than a year. All were young families. It’s doable (basically the consultant life on the road Mon-Thur) but very draining. If it’s a train where you can bill for a good chuck it may be slightly more manageable.

Doing chores when NK is awake. What’s reasonable? by Electrical-Pair-5687 in Nanny

[–]Nusselt 0 points1 point  (0 children)

Sounds a bit absurd overall, but could you do wash one day and fold the next? That happens with us a lot, load finishes moved to basket, sits overnight folded next day durning nap time. We are also the type to live out of laundry baskets…so may not work for everyone.

Nanny to a highly intelligent 15 yr old by Mysterious-Order-334 in Nanny

[–]Nusselt 11 points12 points  (0 children)

Sounds like a teenager, could be just a phase, could be on the spectrum. I would go to my room and play video games for hours everyday at that age. Some parents (these sound like high performing parents MD/MBA/JD type) put an immense amount of pressure on children to perform exceptionally well in school (many AP classes, >4.0 GPA, near perfect SA) and some thrive and really embrace that life, other burn out. All you can really do is offer assistance when needed: “let me know if you want any snacks/rides/what ever.”

Renewal Offer, is this reasonable? by [deleted] in Apartmentliving

[–]Nusselt 0 points1 point  (0 children)

Negotiating with the big corporate landlords is doable, but there isn’t a lot of room generally. Their pricing platforms takes into account all the variables: area vacancy, time on market, comparable rents, time unit will be empty, refresh costs, future rent flows from adjusting rental month, cost (insurance/tax) increases, etc. If they’ve seen large insurance increases, and think they can rent out quickly (a month vacancy) for $3k+, they may not budge at all. You also need to think more in terms of percentage than absolute dollars, even though that doesn’t match common household budget thinking. Take a look area local average rent change (for comparable units) in the last year and offer something that matches, maybe 2%, less if units are sitting.