trytozoom

5 ms·

1. 1.▲
   by trytozoom 6y ago

   I understand the perspective, but from my view that sounds like the person wants to take zero risk. Essentially, they don't believe in the idea enough to believe that the stock is undervalued by virtue of the company being early on. We
2. 2.▲
   by trytozoom 6y ago

   Answered elsewhere but 1.) unsure about implications on corporate governance at this stage of the company. 2.) I didn't think very much about this initially and thought 15% would be fine, now it would take a fair amount of legal wrangl
3. 3.▲
   by trytozoom 6y ago

   Thanks for engaging, this is really quite helpful and as you imply it's a kind of cancer on the ecosystem right now. On the chunk of equity, I had a cofounder walk away early so I'm a little burned on the subject. You're righ
4. 4.▲
   by trytozoom 6y ago

   I've actually talked to our lawyers and investors about some of these. 1.) More than 3 months expiration gets tricky legally and I'm not sure it's actually fair. At that point I'm told we can't grant them as ISOs, t
5. 5.▲
   by trytozoom 6y ago

   I do not, the investors do. I sit in the same shoes as the employees and intend to keep it that way. It's entirely possible for our investors to recover their money, and for me and the employees to make $0. However it's not possib
6. 6.▲
   by trytozoom 6y ago

   I appreciate the feedback, it's useful to hear this. I'd be willing to boost the options pool, but I'm not sure I'd be willing to do so right now for a few reasons. 1.) I don't trust that someone isn't going to
7. 7.▲
   by trytozoom 6y ago

   In contracts that our lawyers gave us (and that we use) the state whose law will govern the contract is specified. It's always Delaware. The corporate charter, and the bylaws of the corporation are all explicitly governed by Delaware l
8. 8.▲
   by trytozoom 6y ago

   Good point. I hope I get the opportunity to test this hypothesis, but right now I can't imagine that mattering to me. I've made decisions recently where my thought process literally was, "Ok so if we win big, I'll have a
9. 9.▲
   by trytozoom 6y ago

   I've seen a ton of this on HN for the past couple of years, "Go work for FAANG, startups are worthless." As someone who has started a company, gotten it funded, and would like to hire high quality engineers, this is deeply di
10. 10.▲
    Ask HN: LLC or Corp for Pre-Seed, Expected Raise Startup

    2 points by trytozoom 8y ago|3 comments