waleedka

37 ms·

1. 361.▲
   by waleedka 20y ago

   Quote: "Does his 2.5% entitle him to 2.5% of the profits, after my partner and I draw salaries?" Sounds about right. However, with an LLC you can divide the profits anyway you like regardless of the ownership. For example, you can agree to
2. 362.▲
   by waleedka 20y ago

   I'm assuming that by "having your own blog" you mean a link blog on which you submit links to stories you find interesting in your area of interest (as opposed to writing your own posts) and others can read it just like they read reddit or
3. 363.▲
   by waleedka 20y ago

   I attended startup school and I met many brilliant and ambitious people. I also heard of superhappydevhouse.org which sounds like a lot of fun. Anyone knows of other good places to network with programmers and founders in the SF/Bay area?
4. 364.▲
   Best places to network with super geeks in the bay area

   7 points by waleedka 20y ago|6 comments
5. 365.▲
   by waleedka 20y ago

   I'd say you're on your way to bigger and better things. By making the decision to leave a comfortable job you're already ahead of 90% of the population. Most people seek stability not opportunity. Move there, talk to people, attend events,
6. 366.▲
   by waleedka 20y ago

   How about those that get sold? Is it fair to expect that, on average, it happens within a year as well?
7. 367.▲
   How long do Y-Comb startups live before getting acquired or dissolving?

   5 points by waleedka 20y ago|6 comments
8. 368.▲
   by waleedka 20y ago

   Check this excellent book by Kevin O'Connor, the founder of DoubleClick. He explains his own process for finding ideas and the mistakes that a lot of people do when choosing their own ideas. It's an eye opener. The Map of Innovation: Creati
9. 369.▲
   by waleedka 20y ago

   A key point to consider is that regardless of where you incorporate, you still have to work within the legal framework of where you're doing business. For example, if I incorporate in Nevada or Delaware and I'm located in California, I have
10. 370.▲
    by waleedka 20y ago

    I've been using it for a while, but recently switched to: pcnames.com. They're both excellent and once you use them you can't go back to the old way anymore.
11. 371.▲
    by waleedka 20y ago

    If you're in an early stage and seeking seed funding, then you should have everything thought out before talking to investors. Don't ask investors to help you decide which of the founders should be CEO because they'll take it as a sign that
12. 372.▲
    by waleedka 20y ago

    The CEO is the business guy. As a CEO, you don't get to code. Instead, you'll get to do the paperwork, answering phones, making cold calls, a lot of meetings, and a lot of traveling. It's fun at first, but gets boring quickly for technical
13. 373.▲
    by waleedka 20y ago

    Anyone owns a car in San Francisco? Or should I sell my car?
14. 374.▲
    by waleedka 20y ago

    I'm moving to Silicon Valley to work on my startup and be closer to the entrepreneurial community. Should I rent in San Francisco or somewhere around Stanford? How about the YScraper?
15. 375.▲
    San Francisco or Palo Alto for a new startup?

    10 points by waleedka 20y ago|17 comments
16. 376.▲
    by waleedka 20y ago

    Thanks. Quote from the wikipedia article: "Delaware's formation and annual fees are substantially higher than most other jurisdictions." "Franchise taxes in Delaware are actually far higher than in most other states" And, on top of that, th
17. 377.▲
    Why do Y-Combinator startups incorporate in Delaware rather than California?

    5 points by waleedka 20y ago|10 comments