enra

13 ms·

91.
by enra 5y ago
I raised $4M seed round on a SAFE from two well known multi $B fund and others. I don’t think anyone asked for a balance sheet. The company was 3mo old, so there wasn’t much (no revenue, hardly any expenses) and we didn’t even have an accou
92.
by enra 5y ago
Typically multi-stage investors like A16Z would like to lead the follow up round from seed. Seed is just a way to get in to the company, and the next rounds are where the actual money is for large funds. If the company is killing it, there
93.
by enra 5y ago
There are hot rounds you have those names involved and they all don't get a board seat. Usually only the lead gets a board seat (not always) and growth investors (Tiger) also don't typically ask for board seats. Depends on the amo
94.
by enra 5y ago
I don’t know what the situation is here but a startup can setup the board or governance in different ways. Founder could control everything directly or indirectly and the board might have one or no external directors. And while technically
95.
by enra 5y ago
Yup. In css the attribute that controls the pointer is called 'cursor' these are two types are 'default' and 'pointer. [1] In MacOS these are called pointers with 'arrow' and 'pointing hand' styl
96.
by enra 5y ago
The text is maybe confusing but how it works is that the setting is either "Native" or "Web" style. Native means that interactive elements like toolbar items, nav or icons are just show the regular cursor and links in te
97.
by enra 5y ago
Never seen a silicon valley tech company on MS office products. Airbnb, Coinbase, Dropbox, Lyft, Uber, Facebook etc use Gsuite, slack, zoom. MS teams only comes up when you talk to lawyers, accountants etc more legacy or enterprise companie
98.
by enra 5y ago
Not sure which rounds you are talking about but both Airbnb and Coinbase had hard time getting funding after YC. Airbnb because it was a crazy idea and with Coinbase lot of VCs didn’t understand or avoided crypto back in in 2012. Only later
99.
by enra 5y ago
This such a bad take, too many things comment on but one thing to note is that I’m not even sure how much Stripe competes with Bolt. Bolt marketing pages mostly talk about e-commerce checkout. It’s probably something Stripe does as well but
100.
by enra 5y ago
For bigger releases we all hop on zoom and someone can play some music and eventually press the button to launch so there is some kind of shared moment. Then afterwards people can expense a dinner for their family. For smaller releases we l
101.
by enra 5y ago
He is still a Finnish native who was born/lives in Finland but speaks Swedish as their native language. So he did grew up in the Finnish cultural environment
102.
by enra 5y ago
We use it too, but doesn't change the fact the the employer needs to tell the PEO where the employee is located. PEO also have limits, like MA example, the company still needs to open the unemployment accounts directly with the state.
103.
by enra 5y ago
You and the company still needs to know/decide which locale you get taxed in and which regulation to follow. Even in California, SF has different payroll taxes and regulation than other cities in the area. Massachusetts requires employ
104.
by enra 5y ago
If you already have the round filled with someone then I would just prioritize specific individuals to add to the round. It’s not necessarily worth talking to other vcs since most of them would like to have a larger % of the round. But for
105.
by enra 5y ago
Depends, but generally for proper seed or A rounds 20% dilution is common but for pre-seed I would do less, 5-15%. Also to note that it doesn’t mean you give out 20% ownership each round but each round dilutes existing shareholders by 20%.
106.
by enra 5y ago
I started using Instacart in 2013, after few years completely stopped using and any other grocery delivery. The problem is that often the shopper thinks things are “out of stock” if they don’t find them, or they just buy the wrong item. So
107.
by enra 5y ago
Linear | Multiple Positions | Remote | Full Time | https://jobs.lever.co/linear/ Linear is an issue tracking tool to help you and your team run your product development process and track bugs. Linear is the tool of cho
108.
by enra 5y ago
Pretty much almost every Silicon Valley VC funded company or startup I know are not using Agile/Scrum. My impression is Agile/Scrum is popular on consulting where the software buyer is external and therefore it's somewhat a m
109.
by enra 5y ago
It doesn't matter much if the company is generally VC fundable or doing well. Ideally you have investors that can help you and the company, but if you have few friends there too, no-one should care. We raised some money from friends, f
110.
by enra 5y ago
I think Thermacell is ok to keep mosquitos away but it don't think it really kills them, at least in masses. You can't really have it running for 24/7 because the pad that contains the poison/repellent that it diffuses w
111.
by enra 5y ago
I don't think you can bypass it with SMS so if you get locked out you need to call them. Not sure how easy it is to bypass by calling them. But Schwab doesn't support hardware keys. Morgan Stanley is the only bank/financial c
112.
by enra 5y ago
It's 3rd party app that you can join your company's forum if you have an email address with the company domain. It's like Nextdoor but for employees of a particular company where people can vent, spread rumors, and at times s
113.
by enra 5y ago
Yeah I wish YC or someone could provide some anonymized data on this across companies. And it's true that out of all startups, only probably 1% make it big. But the markets are growing fast and just this year there has been ~200 IPO wh
114.
by enra 5y ago
The challenging part about equity that every company is different, takes bit different path and has different chances of success. My anecdotal example that I don't know anyone who made massive/post-economic money by joining a publ
115.
by enra 5y ago
Not inside but outside yes if there is no wind/certain air pressure. The toilet has intake air and an exhaust chimney that you put through the roof or a wall. So generally the exhaust should go up like smoke from a chimney but it can a
116.
by enra 5y ago
We have been building https://linear.app which is both used by technical and non-technical folks
117.
by enra 5y ago
Early on you don't need a board. At Series A you probably need to give one seat to the investor. You can have all kinds of mentors and advisors who don't need to be part of the board. You don't necessarily need advisors eithe
118.
by enra 5y ago
I think the AMT fear is overblown, you can avoid it in most situations, especially if you exercise early
119.
by enra 5y ago
Pro-rata only usually applies once. The investor has an option to retain their ownership by investing more in the next round, but only that one round. If they use it, it’s gone. If they don’t use it, it’s gone. Then they have to negotiate i
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by enra 5y ago
Outline is open source https://getoutline.com

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