pdutt111 | 1 year ago | on: I'm Peter Roberts, immigration attorney who does work for YC and startups. AMA
pdutt111's comments
pdutt111 | 1 year ago | on: I'm Peter Roberts, immigration attorney who does work for YC and startups. AMA
In FY 2021, 66% of approved H-1B beneficiaries earned a master’s degree or higher compared to the 13% of americans with masters degree
Now coming to indians in the USA doing low paid labour - average indian household in USA earns 152,341 vs 74580 of US average.
get your facts right and say thank you to indians for making america great!
pdutt111 | 2 years ago | on: What can I do as an amateur hacker to get the best programming job next year?
pdutt111 | 3 years ago | on: Ask HN: Why are employees in technical roles in financial services discounted?
pdutt111 | 3 years ago | on: Ask HN: Burnt-out, directionless but want to turn it around
pdutt111 | 4 years ago | on: You Shouldn't Become a Programmer
pdutt111 | 5 years ago | on: Ask HN: Co-founder wants me to leave but won't entertain a buy out offer
pdutt111 | 5 years ago | on: Ask HN: Co-founder wants me to leave but won't entertain a buy out offer
> if he fires you that's wrongful termination(there's no performance issue until right before cliff). you can sue in that scenario
> I'm guessing you have a board seat too. he doesn't have 51% voting rights so he probably needs the investors to side with him to oust you for which he needs a legitimate reason. (title of CEO doesn't really matter all that matters is the voting rights you're not an employee).
> if there's a law suit and dispute between founders no investor will touch the company with a 10 foot pole, so if he goes for a fight he loses everything.
> there's no reason to go down to 3% when you own 10% next month. and people think of 10 idea everyday all that matters is execution and if you wrote the code and gave around a year of your life that's worth around 100k for an entry level engineer so I'd say you put in more than the 10k he put in.
> finally you have the code and you can tweak it and make it open-source there's no IP laws protecting code so at that point he owns nothing.
> honestly the company is done, the investor is neutral cause he's already written the company off and I would say this is the point of no return no matter which side this goes the chances of running the company are rather slim.
> the reason he doesn't want to monetize it is because he was probably planning on doing this to you, it'll be much harder to do it if the company is making money if you get out he'll monetize it the next day
I'd stick to my guns and tell them if they don't buy you out then the company is dead. The only scenarios are - 1. he buys you out. 2. lets your equity remain ( he probably can't fire you ). 3. company goes down
pdutt111 | 10 years ago | on: Ask HN: Who is hiring? (August 2015)