trussi

12 ms·

1. 61.▲
   by trussi 15y ago

   Look for local city/county business development loans. They generally have a requirement that 'you get turned down by a traditional lender'. Damn near anybody can qualify for that one! The key with most of the local BD loans is they are l
2. 62.▲
   by trussi 15y ago

   There are lots of other ways to get good advice besides raising VC money. I'd even argue that VC investors are generally too biased towards huge growth that they will push you in a direction that doesn't necessary align with your goals, but
3. 63.▲
   by trussi 15y ago

   The downside of a loan is that it will require a personal guarantee, which means you're personally liable to pay it back. If the business fails (or more specifically the business is unable to make the loan payments and defaults on the loan
4. 64.▲
   by trussi 16y ago

   'Rack up the hours all year' just sent chills down my spine! That's exactly what I want to avoid. :)
5. 65.▲
   by trussi 16y ago

   Time-based vesting implies full-time participation. In my case (and probably a lot of other cases), we are both part-time until the product gets traction. Then we will take the risk of going all-in. If I tie the vesting to milestones inst
6. 66.▲
   Ask HN: What milestones do you use for vesting equity of minority co-founder?

   7 points by trussi 16y ago|4 comments
7. 67.▲
   by trussi 16y ago

   Thanks for detailing out your approach! I wonder how many times you zigged when you should have zagged to get to this point of clarity...
8. 68.▲
   by trussi 16y ago

   Internal champions are an absolute must-have!
9. 69.▲
   by trussi 16y ago

   My (rejected) YC project literally addressed every single concern voiced in this article. If you can relate to the struggles of managing and working in multi-resource, multi-project environments, sign up for the beta of FlowRocket at: http
10. 70.▲
    by trussi 16y ago

    Or you need to work on your pitch because you weren't able to effectively communicate the value proposition. (Sadly, guilty as charged on that one)
11. 71.▲
    by trussi 16y ago

    Thanks for providing this level of insight!
12. 72.▲
    by trussi 16y ago

    As the saying goes, 'You can have good, fast or cheap. Pick two.' Check out BuildItWith.me for a great listing of designers and developers.
13. 73.▲
    by trussi 16y ago

    I had great results with a logo contest. But the web page contest (opted for the $495 option) didn't work out so well.
14. 74.▲
    by trussi 16y ago

    Tried that in this round. No love. :( Actually, it was a pretty sweet demo of the product. It would totally make the YC application process so much smoother from YC's side and (most importantly) allow YC to provide feedback to rejects (th
15. 75.▲
    by trussi 16y ago

    There's a huge unsolved need when it comes to accounting software. Good job identifying it! The customer problem, as I understand it, is that accounting requires you to understand bizarre terminology and concepts (debits, credits, financia
16. 76.▲
    by trussi 16y ago

    Being myself a summer applicant sans co-founder, it's important to differentiate between having a co-founder and wanting a co-founder. If you didn't want a co-founder, that would probably be an issue (it's way too risky to put the entire l
17. 77.▲
    by trussi 16y ago

    Check out CouchSurfing.com.