kirsty

4 ms·

1.
Investors are betting the Netflix of education can give kids what schools can’t(qz.com)
1 points by kirsty 7y ago|0 comments
2.
by kirsty 9y ago
It depends on specific circumstances. If the IP in the foreign company is truly unrelated, then there are circumstances where it could make sense to just start a new company in the US. If the US company is going to use the IP, then there
3.
Y Combinator is hiring a CPA to join our Finance Team
1 points by kirsty 9y ago
4.
by kirsty 9y ago
Agreed that 83b elections are crucial - there is very little a company can do if the form does not get filed within the 30 day window. The consequences of not filing the election can be significant for both the company and the employee. Cle
5.
by kirsty 9y ago
Thanks Geoff. I'm happy to answer questions on this topic. However some things are company and situation specific so can't be generalized. Also IANAL!
6.
by kirsty 9y ago
Safes and convertible note are both types of Convertible Securities. Ie they each convert into shares at a future date, usually at a priced round. A convertible note is structured as debt - there is interest earned until it converts and a
7.
by kirsty 9y ago
Safes (and other convertible securities) convert at the cap, assuming the round valuation is higher than the cap. Where there are safes with multiple caps there are a number of methods that the lawyers use so that investors receive the cor
8.
by kirsty 12y ago
We have funded many companies where cofounders are married or cofounders are dating. The fact that they are married / dating doesn't generally impact our decision. The same things apply that we look for in any founding team - abi
9.
by kirsty 12y ago
We never want there to be a situation where a founder doesn't come to an interview because of money (or any other) concerns. Contact us directly when we invite you to interview and we will do our best to help you.
10.
by kirsty 13y ago
YC will continue to structure our investment as we have always done - ie we use a Share Purchase Agreement to buy shares. The docs are not the same as the Series AA docs that we publish though. We buy common stock and the Seris AA docs ar
11.
by kirsty 14y ago
Companies can incorporate wherever works for them ie Delaware. If they are actually doing business in CA then they register as a foreign entity with CA (Foreign because they incorporated in DE) so there is nothing dishonest about it.
12.
by kirsty 14y ago
The reasons I hear often for uneven stock splits are because one founder came up with the idea, or has been working on it for a month longer etc etc. When a company is in its absolute infancy, this seems like a logical conclusion but what
13.
by kirsty 14y ago
We try to do everything through e-signatures - less chances of PDFs getting lost than bits of paper. And of course at all opportunities I tell founders to use Hellosign :-) The only document that is wet signed is the 83(b) election that is
14.
by kirsty 14y ago
When we agree to fund companies, they fall into one of three buckets: 1) not incorporated at all 2) Incorporated outside Delaware and / or as an LLC 3) Incorporated in Delaware already Those in 1) are by far the easiest to deal with - we ha
15.
by kirsty 14y ago
Applying to YC as a non-DE company does not reduce your chances of being interviewed or accepted. However for us to be able to invest in so many companies in such a short time frame, we do require you to convert to a DE C-Corp if we agree
16.
by kirsty 15y ago
Thanks Nic! Remember that for anyone wanting to apply for funding to Y Combinator that we only invest in US corporations (registered in Delaware), which means that the parent company will need to be a US company. So if you're thinking abou
17.
by kirsty 15y ago
It is common practice among listed companies to strip out stock-based compensation charges, acquisition-related charges and other non-cash charges as part of their financial information. [1] Their argument for this is generally because thes
18.
by kirsty 17y ago
As an ex-Big 4 auditor, I have experience of auditing both private and public US firms. Even without Sox requirements, there are enough complications in the audit legislation to make a private company audit less than straightforward. Tryi