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Brad Fitzpatrick

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Golden Handcuffs removed [Jun. 25th, 2007|04:32 pm]
Brad Fitzpatrick
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With little (actually no) fanfare, I passed my 2 year mark at SixApart, releasing all my Golden Handcuffs stock from the LJ acquistion, and I didn't even notice. Our CFO off-handedly mentioned me having all my stock and I was like, "no, that's in 6 months..." But it turns out I'm forgetful and my handcuffs unlocked at two years, not three.

Anyway, I now have all my stock, although I can't do anything with it because we're a private company. But at least it's mine now, though, I don't have to pay for it, I already paid then-minimal taxes on it, and if it's ever worth something, the profit is taxed as capital gains, not income. Pretty much the best case scenario. Remind me to send a box of chocolates to my lawyers.

So now what?

I hadn't really been thinking about "next steps" before because I was relatively happy and I was committed to sticking around long enough to get my stock.

Obviously it's in my best interests to stick around and do what I can to make SixApart as successful as possible, as that'd make my stock worth potentially more, but lately I'm growing bored with lack of stress, risk, speed, and human interaction (I'm not really in a group here). Plus I'm not convinced I couldn't be just as helpful to SixApart outside of SixApart.

I have some new stuff I want to do and am getting really excited about, but it'd be too boring/slow for me to do entirely myself, so the current question is if I try to get resources inside SixApart to do it, or go elsewhere and do it. Or do something else entirely.

In the short term, I'm going to see what's possible here, but this boredom can't go on much longer before I snap. I need to be in a team of excited, fast-moving people stressing the fuck out (in a fun way) on challenging and important problems. I miss that.

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[User Picture]From: avatraxiom
2007-06-26 05:25 am (UTC)
You could always go more part-time at SA and just start your thing now, and then move to it more fully when it gets more rolling.

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[User Picture]From: righellis
2007-06-26 05:56 am (UTC)
that was the best site ever! I think skanywhores.com would be a great one to develop as well.
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[User Picture]From: jope
2007-06-26 05:56 am (UTC)
Same thing all bored inventive millionaire playboys do:
Costumed crime-fighting super-secret double-identity.
Also, chicks dig the tight shirts. Or so I've heard.
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[User Picture]From: burr86
2007-06-26 05:58 am (UTC)
Who says it's just the chicks? ;P
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[User Picture]From: erik
2007-06-26 06:16 am (UTC)
Do you have one of those contracts that stipulates that SixApart owns any projects you begin to develop on your own time?
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[User Picture]From: ijon
2007-06-26 06:38 am (UTC)
Uh, Google?
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[User Picture]From: brad
2007-06-26 06:45 am (UTC)
That's an obvious candidate, yes. I certainly know enough people there, and they do a lot of stuff I really respect.
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[User Picture]From: scosol
2007-06-26 06:59 am (UTC)
huh- so in that, it also means that they haven't granted you any additional vesting-style equity since then?
that's kinda jacked, imo :)
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[User Picture]From: ciphergoth
2007-06-26 08:44 am (UTC)
If you have the cash, I can't imagine why you wouldn't put together your own team and go it alone - how could that possibly not be the most fun option?
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[User Picture]From: cudddly
2007-06-26 10:01 am (UTC)
I'm increasingly being impressed with all the Danga projects and where they could be with a little cleanup, a lot of documentation and some funky hacks. Wanna scale stuff up?
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[User Picture]From: brandstetter
2007-06-26 03:11 pm (UTC)
I'm sorry I'm helpless here, but I'd like to give you my best wishes. :)
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[User Picture]From: markpasc
2007-06-26 04:27 pm (UTC)
Whatever it is, I'm sure it'll be totally awesome.
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[User Picture]From: brad
2007-06-26 05:27 pm (UTC)
Aww, thanks.
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[User Picture]From: da_zu
2007-06-26 06:08 pm (UTC)
Some time ago you seemed not to know exactly what you want to do. Now it seems that you have already decided (not about details but about the main direction). The process of decision making is always hard. But when it is made it is a great feeling (well, it is one of the best feelings for me, maybe for you it is different). And something new, interesting, maybe hard (but the harder the more interesting) is coming. New challenges, new people, self-actualization... Congratulations and good luck=)
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From: jamesd
2007-06-26 09:46 pm (UTC)
Go change the world of phones with proper open source wearable phone computers. Or whatever else it is that takes your fancy.

Six Apart might bite and provide enough resources to make it worth doing there. And provide you a built in way of avoiding admin hassle so you don't get another set of golden handcuffs in three to five years.

I know what you mean about boredom. There's good stuff at MySQL but it's just not the same as doing Wikipedia things, even if it does make necessary money.
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[User Picture]From: silona
2007-06-26 11:46 pm (UTC)
you could help me out with saving the world...

I could totally get an outfit made for you...

favorite colors (it would include tight pants though :-))
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