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- Private work.
- Rental car. Hanalei.
- More housing stuff, and some financials.
- Levine posted about musk, drugs, and the linear/carta situation…
- All mollusks (clams/oysters/mussels) can product pearls, but oysters most common. It’s the same material as the shell; they produce it to quarantine any irritants (usually grains of sand) that get inside. A small pearl takes a few months to form. A large pearl ~5yrs.
- Tries, nodes for searching letters/words.
- GMV = gross merchandise value.
- QSBS = Qualified Small Business Stock. If you hold equity in a company worth less than $50M, those cap gains are exempt from federal tax (under most conditions).
- IRS Form 83(b). Basically an election to pay tax on appreciating equity fully at grant, rather than over vesting schedule, as taxable value increases.
- US Code Section 351. Contribute asset/IP to corporation with (subjectively) equivalent value in exchange for the equity, reducing taxable gain to 0. Must become controller in company (can’t do this for every hire).
