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It's official: the 2nd wave tech/cloud bubble was in fact real and is popping. How does /biz/ think this will turn out?
>companies will try everything to convince shareholders to retain their shares and will focus little on improving profits
>all tech companies with a service-based model will crash and many with recent IPOs will become delisted
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>>1083624
I'm searching for ways to make money during the crash
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>>1083624
How about backing that up?
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>>1083912
NASDAQ getting rekt
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If my company / product can be launched out of my own pocket (300-500usd), should I still try and make a kickstarter?
I'm thinking it could help cover the first costs even if it fails, and would also provide a 'free ' market test. Maybe even get some people hyped up for what I want to sell.
Only downside. I can start it up as a one-man army for now. I don't have a good camera though, only a good microphone. I could contact one of my old friends who would be hyped to make a kickstarter / startup with me, I could just pay him a flat amount after profit shows (if it shows).
I can easily sell it as a casual thing made to help people, I'm young and don't look like shit.
It also feels a lot like it's yet another 'excuse' to further delay the product. I could easily start in a few weeks. But If I made a kickstarter I would have to wait for a good bit before I could 'release' what I make.
Anyone here with experience? Is it worth it?
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>>1083593
I'm struggling with the same question, but if the extra funds mean you can do a great launch with much extra revenue, I'd say go for it!
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>>1083593
>If I can get free money legally should I do it?
is this actually /biz/ ? wake up.
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>>1083593
just pay them as a one time deal for the video. if you have the money to spare i would look at other shooting options. are you in the Ohio tri state area? I shoot documentaries.
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Is it important to register your trademarks right off the bat?
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>>1083565
No.
New biz people get way too caught up in regs and law before they even start selling something.
Sell something. Worry about the other shit once thousands are entering your bank account.
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>>1083643
Do you know where I can find out the protections for my unregistered trademark? Some asshole is starting ot use my companies name in a way that can cause confusion between our two businesses. I've registered my company about 2 years before he started and he hasn't even registered a company. I haven't filed for TM registration with the gov though.
I can find online that I stil lhave protections as an unregistered trademark but I can't find information on what they are.
Do I have legal rights to my company's name here?
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>>1083661
IDK about the legality but just call the guy and ask him to stop.
If that fails then call a lawyer and ask him to draw up a letter of intent. It is usually $100 - $200. Then have that lawyer send a letter to the guy. 90% of the time, the guy buckles and does what you need.
A "letter of intent" is basically just a legal jargon heavy letter from a lawyer that tells a guy you intend to sue him if he does not change what he is doing.
People are scared of lawyers.
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What's the deal with trust fund kids? They're like unicorns where I come from, and I'm curious.
Do they get access to the trust until they get a professional job or a position in the family business, until the father dies, or until a certain age?
What's their typical income from the trust, and how often are payments made?
I get the impression the funds are partly to teach rich kids the value of money, and partly to rein their spending in, so is there a big discrepancy between their trust fund lifestyle and what they grew up with?
Lastly, what kind of family net worth is implied, at minimum, by the average trust fund?
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>>1083554
I had a trust fund. It contained about 80K at its peak and I paid for my engineering degree with it. I'd assume my family was at the lower end of wealth for setting up a trust fund. I think it's mostly so kids who get given money by their parents don't do anything too silly with it.
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>>1083554
I know a couple of them - one works for the family business, parent passed away. he gets dividends like the other owners of the business/group and obviously his salary/bonus/whatever from working there...
basically his stake in the business is owned by a trust
on the other hand the other guy I know has a much smaller trust fund - the trust owns a small portfolio and a property that is rented out... he and his sister get an income from that though at best the whole thing is worth only a high six figure or low seven figure sum
>Lastly, what kind of family net worth is implied, at minimum, by the average trust fund?
you can't tell really... with the two I know one is worth a six figure sum from his share of the trust... the other is worth several million
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>>1083554
Trusts are a complex legal device, and there is little uniformity among them. They vary according to the wishes and needs of the people who create and fund the trusts.
The kind of trust you are generally referring to when speaking about "trust fund kids" are known as spendthrift trusts. They are designed to give the beneficiary limited access to the trust income and assets, and thereby protect the balance of the trust from both (a) poor spending decisions by the beneficiary, and (b) creditors of the beneficiary.
Typically, the beneficiary of a spendthrift trust is permitted to draw some combination of (a) the income of the trust, (b) a fixed percentage of the trust, and (c) a fixed amount for a given time period. These can be combined to form a nearly infinite variety of rules (e.g., "the annual income of the trust, not to exceed 8%, but not less than $5000 per month").
All decisions about withdrawals from the trust are made by the trustee, but are subject to the rules of the trust. The trustee is usually given some degree of discretion to make decisions in accordance with the intent of the grantor (who may also be the trustee).
The beneficiary is not permitted to exercise control over the trust, the trust's assets, or compel distributions except in accordance with the trust rules. If the beneficiary ever exercised such powers, it would invalidate the trust.
Disbursements can be periodic (monthly, annually, etc.), sporadic (when needed), or both, depending on the rules of the trust and the trustee's discretion.
The trust can terminate upon the occurrence of any specified condition(s). Often, but not always, this may be related to the age of the beneficiary. However, there is no requirement that the trust have a termination event.
There is no implied family net worth required for a family trust. However, there are no insignificant legal costs associated with the formation and administration of a trust, so it's not for everyone.
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Hey /biz/,
Me and my friend are going to start investing in low-risk ETF funds, real estate, forestry companies and other low-risk investments. We're trying to experiment with compound interest and see how we'll end up if we keep adding some money every month to an existing portfolio. We're probably not going to sell our stocks for at least 10 years, only buy more when the stock falls. What's the best way of setting this up? A joint account? Maybe open some sort of company? If so, what's it called? Keep in mind that we don't live in the States. Any help is appreciated.
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>>1083546
Um, tell your "friend" to go first and try to learn from his mistakes.
>A joint account?
Yes, sounds like a great idea!
Self learning from coursera, youtube or codeacademy will not get you a job. You have to get your ass out there in the cold hard world and network with real people to get a job and work your way up
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>>1083435
So what are you saying pepe? I should go to school?
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>>1083435
>>but muh JavaScript and iOS apps
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>>1083442
You're better off finding a shit position at a firm you like and work your way up. Purpose of Universities are mainly to keep unemployment rates artificially low.
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Can anybody explain how question #4 and #7 is found ? Thanks !
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>>1083422
F=MA
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>>1083422
Are you self studying or is it some course/degree?
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>>1083464
7) is probably 25000 * 0,96 = 24000
divide that by 150.000 and you get 17%
the other one is too much technicals and I can't bother to open my corporate finance textbook.
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What is the chance of me getting hired if I call a mom-and-pop roadside computer repair shop and ask for a job? I'm nineteen, never worked a day in my life, in college for an A.S. in Network Systems, and have an A+ and MTA cert.
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>>1083420
Higher than if you didn't call them.
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>>1083420
>roadside computer shop
More often than not they'll ask how good you can sell things rather than whether or not you're qualified to repair computers.
But yeah, you would have decent chances provided you can show that you have the skill.
Seriously, I got a job working in L1 tech support making $15/hr for EVGA when I was 17. Still in high school, only ever worked at a grocery store, and no certs.
Context: Graduated last month with a double major in stem field and finance
No job offers at all. Applied for internships, 2/3 of them said they'll get back to me last week. They haven't yet. All part time and small yet great places (Ad-software giant, Luxury consulting firm, and B2B business)
Uncle referred me to job at company he works at, 30 miles away.
What should I do in this case? The job is 30 miles, which means I will get home extra late and wake up extra early. Also includes "some travel and "nights and weekends to work"
The internship folks didn't even tell me to get an interview yet. And turning die the job from my uncle's place means I won't be offered a spot there again. Help
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Why don't you take the job at least for now and keep applying for internships. If you're halfway decent, you won't burn bridges if/when you jump ship and might end up working a job you actually care about..
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>>1083409
Take the job and keep applying elsewhere
I drive 40mi each way and get paid shit, but the experience is good. It's not a job seekers market unless you're highly experienced. Don't be picky.
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Pic related
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Whoops wrong board. How do i delete?
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The dust has settled after a series of really unfortunate occurrences. My father died several years ago and my mother recently passed as well. Due to a falling out with my brother, I was left everything. I'm just starting to deal with the financials now. If you guys don't believe me, take it as a hypothetical if you want.
I was left many properties and not that much money. 670k CAD in an account, and then the houses/condos. There is a 1.3M CAD home in Edmonton, four condos in Vancouver totalling 1.8M CAD, a large property on Vancouver Island (beachfront, 5 acres of land) valued at about 2M, and a small half of a duplex in London Ontario worth less than 250k. I am wondering what advice people would give me regarding the properties. Sell most and put the money into something else? Wait and then sell? Rent these places long-term? Some combination? If so, which ones to rent, which ones to hold onto, which ones to sell? Should I be nervous about having essentially all of the money in properties?
I am seeing an advisor. I just wanted other opinions as well.
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Buy ethereum
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>>1083279
I should have seen that coming
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Depends what you want man.
That's a pretty huge sum of money for one person. I'd personally sell it all off in no hurry, put it in a safe investment account, and just continue my meager life.
If you're accustomed to an expensive lifestyle and want to use the money to keep it though, you might want to seek out training or education to continue doing what type parents were doing since it worked so well for them.
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Looking to improve my resume. Wut do?
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Also, any suggestions for fields to look into given my experience and education?
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>>1083266
>clearly this desperate and trying this hard
Into the trash it goes. You shouldn't need to promote yourself so hard, m8
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>>1083283
What about it seems desperate rather than just explaining my experience?
Does /biz/ know where I can get historic 1min data of indices like S&P500 for free?
Why is this data so expensive?
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yes, it's free
Anonymous
Still falling for ether meme biz? 2016-02-08 16:35:00 Post No.1083160
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Still falling for ether meme biz? 2016-02-08 16:35:00 Post No.1083160
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Still falling for ether meme biz?
Anonymous
2016-02-08 16:35:00
Post No. 1083160
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Are you fgts seriously abandoning BTC so that this kid can finally buy some whey protein? Really /biz?
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>>1083160
So far he's made every single person the ever bought Ether richer than they otherwise would have been.
I'd rather invest in him than give my money to some anonymous neckbeard copy and paste shitcoin pump and dump dev.
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>>1083184
Sure you gained a few shekels...for now. But you're investing in a centralized pos. You'll be probably crying crocodile tears literally within a month or two once they dump on you.
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Can somebod explain why the fuck is everybody investin in ether and who the fuck is that
Anonymous
Humiliated; paid competitor to take my business 2016-02-08 16:29:28 Post No.1083149
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Humiliated; paid competitor to take my business 2016-02-08 16:29:28 Post No.1083149
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Humiliated; paid competitor to take my business
Anonymous
2016-02-08 16:29:28
Post No. 1083149
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I've posted a lot about my business on /b/ and been told that I'm not fit to run a business. Included were the fact that I signed a lease with a landlord that made me responsible for some expenses of the other tenants and buying day old, poor quality but still sellable food for almost retail costs to then sell my customers. In both cases I failed to negotiate, didn't understand what I was being offered, and had a lawyer that was unhelpful or too slow to give advice.
Ultimately, I sold my business to the competitor who was selling me his day old food on the condition that I take on a majority of the store's debt on my own and pay him a sum over time.
It's been only a month and an old employee told me they're busy, hiring new staff to keep up.
When I left, I told the guy who took the business that I felt humiliated. All he said was that he was embarrassed for me. I paid him to take the business and now it's making money hand over foot. FML
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How many more tomes are you going to keep making these obvious bait threads?
You'll still get 100 serious replies though, because /biz/ is retarded
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Reading these stories gives me the same sick feeling as cuckold porn.
It's revolting but I can't help but be fascinated.
Btw are you the same guy that was accepting loyalty cards from another coffee shop and giving away free coffee forever to apologise to a customer?
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>>1083239
It's the same guy
He also made the sandwich shop pasta too.
It's most likely ihaz posting these too