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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred 16 Nov 2017

      Serious question: If I wanted to buy 10% of your income for the next 10 years (let's assume this was possible pre-tax), how much would you charge me in up-front cash for that?

      23 replies 0 retweets 22 likes
      Show this thread
      Austen Allred‏Verified account @AustenAllred 16 Nov 2017

      So if I wanted to write you a check today in exchange for you giving me 10% of your income for 10 yrs, how much would that check have to be for you to do the deal?

      11:10 AM - 16 Nov 2017
      • 3 Likes
      • Zach Knowlton Prez Cannady samches
      10 replies 0 retweets 3 likes
        1. New conversation
        2. John Tipper‏ @john_tipper 16 Nov 2017
          Replying to @AustenAllred

          It's v simple - you're asking for the present value of a stream of future cash flows. That's Net Present Value: https://en.m.wikipedia.org/wiki/Net_present_value …

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred 16 Nov 2017
          Replying to @john_tipper

          Yes, the qeustion is a. what do you think will happen to your future cash flows b. What is the current state of your finances, and could cash now move the needle

          1 reply 0 retweets 1 like
        4. John Tipper‏ @john_tipper 16 Nov 2017
          Replying to @AustenAllred

          Yes, you're after DCF valuation of future income if people taught by @LambdaSchool, vs DCF for not and % of delta people will willingly pay.

          1 reply 0 retweets 0 likes
        5. Austen Allred‏Verified account @AustenAllred 16 Nov 2017
          Replying to @john_tipper @LambdaSchool

          I also assume some folks would take it for pure non-DCF related reasons. Life circumstance and practicality.

          1 reply 0 retweets 0 likes
        6. John Tipper‏ @john_tipper 16 Nov 2017
          Replying to @AustenAllred @LambdaSchool

          Yes, but in that case I'd caution against too long a timespan lock-in, otherwise all the good work you're doing might not look so benevolent

          2 replies 0 retweets 0 likes
        7. Austen Allred‏Verified account @AustenAllred 16 Nov 2017
          Replying to @john_tipper @LambdaSchool

          I'm not seriously planning on doing it for 10 years, just a thought experiment

          0 replies 0 retweets 0 likes
        8. End of conversation
        1. New conversation
        2. John Lockwood‏ @johnwlockwoodiv 16 Nov 2017
          Replying to @AustenAllred

          including capital gains?

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred 16 Nov 2017
          Replying to @johnwlockwoodiv

          Don't consider tax for now, pretend like it doesn't exist

          1 reply 0 retweets 0 likes
        4. John Lockwood‏ @johnwlockwoodiv 16 Nov 2017
          Replying to @AustenAllred

          I’m thinking of your 10% like a tax. does it only apply to wages or do you want 10% of capital gains or any windfall too?

          1 reply 0 retweets 0 likes
        5. Austen Allred‏Verified account @AustenAllred 16 Nov 2017
          Replying to @johnwlockwoodiv

          any windfalls, but I'm also paying you 10% of current windfalls

          0 replies 0 retweets 0 likes
        6. End of conversation
        1. New conversation
        2. BW‏ @DeseretAlts 16 Nov 2017
          Replying to @AustenAllred

          100K, but I could prob. be talked down to 80

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred 16 Nov 2017
          Replying to @DeseretAlts

          Then how much do you think you'd make over 10 yrs? Curious what your discount is. And what you'd do with the 100k.

          1 reply 0 retweets 0 likes
        4. BW‏ @DeseretAlts 16 Nov 2017
          Replying to @AustenAllred

          My guess is between 800K-1.1M. If you proposed a discount based on peoples current salary it would be interesting to see if they're more idealistic about the future or greedy in the present.

          2 replies 0 retweets 0 likes
        5. Austen Allred‏Verified account @AustenAllred 16 Nov 2017
          Replying to @DeseretAlts

          Also, some might do it because, say, they can buy a house or pay off credit cards

          1 reply 0 retweets 0 likes
        6. BW‏ @DeseretAlts 16 Nov 2017
          Replying to @AustenAllred

          Yeah, more seriously at a house with low amounts of debt is pretty appealing

          0 replies 0 retweets 0 likes
        7. End of conversation
        1. New conversation
        2. james‏ @whitemansaywhat 16 Nov 2017
          Replying to @AustenAllred

          100% of year ones gross salary

          1 reply 0 retweets 2 likes
        3. Prez Cannady‏ @prezcannady 16 Nov 2017
          Replying to @whitemansaywhat @AustenAllred

          You'd lose money (inflation) on that bet.

          1 reply 0 retweets 0 likes
        4. james‏ @whitemansaywhat 16 Nov 2017
          Replying to @prezcannady @AustenAllred

          I could use the cash now to invest in something that would apperciate in value faster and higher than inflation

          1 reply 0 retweets 1 like
        5. Prez Cannady‏ @prezcannady 16 Nov 2017
          Replying to @whitemansaywhat @AustenAllred

          Oh, my bad. Not you. @AustenAllred would. It's basically an advance.

          1 reply 0 retweets 1 like
        6. Austen Allred‏Verified account @AustenAllred 16 Nov 2017
          Replying to @prezcannady @whitemansaywhat

          I'm betting that salary would increase

          1 reply 0 retweets 1 like
        7. Prez Cannady‏ @prezcannady 16 Nov 2017
          Replying to @AustenAllred @whitemansaywhat

          I'd certainly take that, but you could probably negotiate me down to somewhere between that and one third of first year salary (if I were to basically treat your offer as a 10 percent per year loan).

          0 replies 0 retweets 1 like
        8. End of conversation

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