throwawayuc

4 ms·

1. 1.▲
   by throwawayuc 13y ago

   Wow great post - good luck finding the right person. If I was 10 years younger and no wife I'd be moving right in with you guys. Sounds like the perfect startup culture
2. 2.▲
   by throwawayuc 13y ago

   It means if another future investor makes an investment where the pre-money valuation of the company is LESS THAN $4MM (like, $350K for 10%), then the initial investor's shares would convert at 1.25x the rate of the new money coming in. So
3. 3.▲
   by throwawayuc 13y ago

   I've got a team of 8 full time people (half are salaried and half are only commission). We're hemorrhaging cash as we roll out our marketing plan. Plus we have features on our site like "Refer a friend, earn $10 when their first order ship
4. 4.▲
   Ask HN: Was I just offered horrible convertible note terms?

   3 points by throwawayuc 13y ago|5 comments