> Electron is only the best way to do something when someone knows only javascript and web dev but doesn't want to learn a new language
and when you want to fire all the obsolete specialists while making a product with one person that works for everyone. I mean, you can keep one specialist, since they know javascript too
> The firm initially terminated its 401(k) plan for employees in 2010, a step that permitted them to roll the savings into traditional IRAs. Then, employees took advantage of a rule change that year allowing affluent Americans to convert their traditional IRAs into Roths. The following year, Renaissance applied for clearance from the U.S. Labor Department for employees to invest the accounts in Medallion, which the agency granted and made effective in January 2012.
This is entirely convoluted. A Roth 401K would have achieved the same thing, 10X higher annual contribution limits, and allows cheap liquidity from borrowing 50% of it at 2 points above fed funds rate. The conversion opportunity was nice but has very little to do with what has happened since 2010 for anyone that invested later.
Many Reg D offerings also allow for 25-30% of the fund to be held by tax-deferred accounts. US Department of Labor wasn't necessary here.
> In turn, the IRA money -- held by about 250 employees -- grew to more than 4 percent of Medallion’s gross assets from about 1 percent five years earlier.
So what's the US Department of Labor for again? I'm missing something..... this must come down to the fund's structure. In any case it is nice they pulled it off.
My approach to letting 401K/IRA/Tax-Deferred accounts make a ton of money is to give them a separate share class. That share class gets some outside attention and liquidity preferences sometimes. It was inspired by Bain Capital's approach, when that was in the news during Romney's presidential run and it became 'controversial' regarding how they circumvented tax liability. I didn't confirm thats what Bain Capital actually did but thats what I came up with and its passed.
Yes, Shazam has done a lot for genre, and diminishing the care for genre at all. Now for people that have spent way too much of their life defending or living a genre, what I mean is that it allows artists to be more creative and less pigeonholed, and it allows people to explore more of what they want.
People want certain sounds, and want more of that sound.
Shazam has been a key component of the discovery process.
and when you want to fire all the obsolete specialists while making a product with one person that works for everyone. I mean, you can keep one specialist, since they know javascript too