cirroc

5 ms·

1.
by cirroc 19y ago
The hard part of working that much is trying to balance work and Family. Mostly I've given up sleeping- I know it's not ideal, but I'm down to 3-4 hours a night. In full honestly, the 65 hour figure only comes in when I include travel time
2.
by cirroc 19y ago
Plan A) Don't fail. If we are able to bring in a moderate level of revenue, we could probably cover the costs of repayment, even if we had to halt further development. Plan B) Suck it up, and pay for it for the next 5 years. Obviously, this
3.
by cirroc 19y ago
I know we could (They've offered), but I think it's a pretty terrible user experience. Essentially, they'd be pre-ordering based on trust in us, with nothing to show for it. I'd be happy to give them an extended subscription, but I feel li
4.
by cirroc 19y ago
Very good point on getting the partner involved in the loan- I'd like to do this, but I'm not sure how to. We have a Delaware corp set up, but since the company doesn't have any credit, I don't know how it could take out the loan. Perhaps
5.
by cirroc 19y ago
Thanks- That's certainly an avenue I'll look into.. It looks like they do the SBA loans that I had mentioned, but also do their own private loans, which might be an option. We have two people in our team- If I could get a Chase loan to allo
6.
by cirroc 19y ago
Fair point, but we need to do something. I'd love any ideas- We're Mass based, and we've got the code about 80 percent done, depending on how you count. We've got users who are ready to pay when we launch, and we've got a decent potential f
7.
by cirroc 19y ago
Alright- You seem to be in the consensus on the news.yc board, and I'm coming around to your viewpoint. That being said, what are the alternatives? I'm already working 65 hours a week on my primary job, which I need to pay rent and the serv
8.
by cirroc 19y ago
Hrmm.. Very fair points, both on outside investors, and on CAPCOS. With outside investors, I know we'd get a better valuation if we could launch, and start bringing in revanue before we go out knocking on doors. Investing in a dream and a c
9.
by cirroc 19y ago
You can if you put your personal assets and reputation at stake instead. To a degree, this is what you're doing in a startup anyway. You're putting your money, time and energy on the line, and hoping for a reasonable return on that. Grante
10.
by cirroc 19y ago
That's fair, but at the same time, I'm hesitant to agree, on a few ground- 1) You're certainly right that banks have nothing to go on. My credit isn't amazing, but its certainly decent enough that I could probably manage a small loan from t
11.
Ask news.yc: Raising money using bank loans?
8 points by cirroc 19y ago|27 comments
12.
Why I'm frustrated that I wasn't accepted into Y Combinator.(scribd.com)
14 points by cirroc 20y ago|43 comments