sllrpr

6 ms·

31.
by sllrpr 15y ago
Yes, perhaps, if it's all going well enough. Good point, I'll have to think on that.
32.
by sllrpr 15y ago
Sorry, some more: > Other issues: - You get paid more if they take longer to pay => You're going to work for a company that you hope doesn't blow up tomorrow (because you get paid more if they blow up in 4 years). => This is a d
33.
by sllrpr 15y ago
I think you make a good point regarding taking the risk of their business, without getting compensated like an equity holder. I may be able to use that to negotiate for some equity as part of the deal. The risk to us is relatively limited
34.
by sllrpr 15y ago
> Any company that doesn't have cash, and is struggling for survival, will tell you that their revenue will explode "next year". They aren't struggling for survival, where did you get that idea? > In which case, you take the risk o
35.
by sllrpr 15y ago
> Why is it "unlikely" that they can pay the $2M over a year? Because this will be a new product for them, they expect it will take several months before they start to make any revenue with it. > Why such an extreme discount? I'd st
36.
by sllrpr 15y ago
Not trying to show off, I mean, this is a throwaway account FFS! I'm posting it here because I was told to: http://www.reddit.com/r/startups/comments/loylh/need_advice_... > what advice can anyone here offer without knowing the exact
37.
by sllrpr 15y ago
> hmmm, "almost" 2.5m round and $10m in revenue "booked for next year" is not that credible of a company. you are taking a lot of risk that the money does not come through. What is the risk? Only that we end up back where we were befor
38.
by sllrpr 15y ago
They have to pay us on a quarterly basis, there are quarterly minimums.
39.
by sllrpr 15y ago
> Just a character evaluation here, but if they are willing to cut this other company loose, I think you should evaluate how binding they consider contracts to be before you enter into one with them yourself I'm fairly sure they don't h
40.
by sllrpr 15y ago
> What is the financial condition of the acquiring company? Not being able to come up with a couple of million should be a red flag. They have been completely open about that. They are about to close a $2.5M round, and have $10M in rev
41.
by sllrpr 15y ago
No question that we will have the LoI reviewed by a lawyer before we sign.
42.
by sllrpr 15y ago
No, it's basically they get a discount the faster they pay. 12 months it only costs them $2M (they've said this is very unlikely). It gives them an incentive to pay me as quickly as possible. There is no "earn"out, but we do need to provid
43.
by sllrpr 15y ago
Thanks! Still a lot that can go wrong :-)
44.
Need advice: A company just offered to buy my project for $6M
64 points by sllrpr 15y ago|83 comments
45.
QuickDT: An efficient and easy to use Decision Tree Learning library in Java(github.com)
1 points by sllrpr 15y ago|0 comments
46.
by sllrpr 16y ago
I signed up, looks good to me.