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SamanthaG
searching PlanetScale…
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8 ms
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by
SamanthaG
18y ago
What do you mean by "operating"? You could well be right but there is no hackin or anything going on here, its more the founders going round looking for customers and creating relationships with strategic partners etc. There are no contract
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by
SamanthaG
18y ago
Thanks for this. We're still in early discussions. No it wouldn't be preferred stock, just ordinary. They seem to be proposing that a shareholders agreement will contract for my stake to be protected, but, as you know, a VC will restructure
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by
SamanthaG
18y ago
Thanks, this is useful and gives me a better perspective.
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by
SamanthaG
18y ago
Yeah, I am trying to negotiate a bigger stake but with dilution. None of the founders have been working on this full time over the last 18 months, I would say about 50% of their time, it is only now that everyone is coming on board full tim
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by
SamanthaG
18y ago
If funding comes in, we will all have some salary, albeit well below market rate, which I suppose is fine, its a start-up. Why is 8% high for a late joiner?
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Ask YC: Help in negotiating my stake in a start-up
14 points
by
SamanthaG
18y ago
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28 comments
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by
SamanthaG
19y ago
As a lawyer, I would advise you to consider your options with an accountant or lawyer
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by
SamanthaG
19y ago
Hi - is your business based in the UK or in London?
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by
SamanthaG
19y ago
Crikey what is "boolean"? I thought my law books were complicated!
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by
SamanthaG
19y ago
Thanks for taking tiem to reply. The humour cheered me up!
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by
SamanthaG
19y ago
Thankyou too.
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by
SamanthaG
19y ago
Many thanks, thats helpful
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Ask YC: Can lawyers and hackers be friends?
5 points
by
SamanthaG
19y ago
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14 comments
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by
SamanthaG
19y ago
I am a lawyer in the UK, English qualified, we're not all bad, honest.
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by
SamanthaG
19y ago
Hi,I'm a uk based lawyer (also doing a start-up - looking for a co-founder), in the UK we have a free council run service for small start up businesses called "Business Link", is there anything similar in the US for you? If not, I think if
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by
SamanthaG
19y ago
Hi, I don't think I'm a hacker (unfortunately I'm a lawyer) in Birmingham UK, but may be looking for any interested hackers to collaborate with me in overhauling the provision of legal services to people via a personal startup. If anyone wa
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by
SamanthaG
19y ago
Looking at the all the positive responses to the Hacker News post "Are you a UK- based hacker..." posted by "dood", it seems readers of this site might well appreciate a forum area on the site for networking other YC readers or YC seed comp
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by
SamanthaG
19y ago
I agree with the additional comments below, but whether you incorporate as an LLC or set up as a partnership or carry on by yourself, if you are going to ask someone else to join you (leaving aside the exact legal nature of your relationshi
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by
SamanthaG
19y ago
Hi,I'm a lawyer (in the UK) and you do need a legally binding agreement in place to protect you. I'm sure someone at Y combinator can recommend a decent lawyer over there. You should not have to pay a great deal for this, but it is best to