Startups Wednesday Social Club - Share What Events You Are Attending This Coming Week

---

• Wednesday Social Club - Share What Events You Are Attending This Coming Week
• Tax credits, grants, and money-saving knowledge
• Poll for SAFE contract parameters that startups have taken
• Essential Start-up Job Offer Questions
• Worked in a startup over many years, exercised options, many years later trying to find out the current value of the shares, but owner is pushing back
• Did you get an employee welcome kit?
• Missing pieces, could use advice.
• looking for funds. Received this email. Is it a scam?

Wednesday Social Club - Share What Events You Are Attending This Coming Week Posted: 10 Jul 2019 06:06 AM PDT Welcome to this week's Social Club thread. Share what events and meetups you are going to so we can discover new ways to be social together offline and help grow your local community. Focus on sharing events that are happening within the next 7 days of this date of this submission. Anything that falls outside of 10 days will be removed, no exceptions. No duplicate posts. If you happen to be attending an event that is already posted, leave a comment to inform the community that you will also be there. If you are hoping to organize something on your own, outside of an existing event, feel free to use this thread to rally some people together to meet up. Please use the following format to share an event: Event Name and URL: Location: Event Date: Event Time: Event Description: Event Cost: Discount Code: [if applicable] Please use the following format to organize people to meet up together: Location: Purpose of getting together: Suggested Places to meet up: You can also find more support using instant chat on the /r/startups discord. submitted by /u/AutoModerator [link] [comments]

Tax credits, grants, and money-saving knowledge Posted: 10 Jul 2019 08:49 PM PDT Our bootstrapped SaaS is in the process of applying for the R&D tax credit. It should save us tens of thousands every year. It seems it would apply to most software and product companies in the US, yet it seems so few know about it. What tax credits, grants or other things do you all do to maximize your profit? submitted by /u/crazyw0rld [link] [comments]

Poll for SAFE contract parameters that startups have taken Posted: 10 Jul 2019 07:21 PM PDT I can't find any stats or public data of what SAFE contract parameters have been signed in the past, ie investment, cap, discount. Would anyone be willing to share this info? Something along the lines of: Contract author: Y Combinator, Gust, other Investment: $50k Cap: $500k Discount: none Industry: music Date signed: 2019-05-01 submitted by /u/shadiakiki1986 [link] [comments]

Essential Start-up Job Offer Questions Posted: 10 Jul 2019 08:21 PM PDT What would you say are the key questions to ask when presented an offer at a startup? A few basic ones that come to mind are: What % ownership does the offered equity packaged represent 409A Valuation How long can the referenced position be sustained given the current funding status/revenues submitted by /u/VCanalytics [link] [comments]

Worked in a startup over many years, exercised options, many years later trying to find out the current value of the shares, but owner is pushing back Posted: 10 Jul 2019 01:08 PM PDT Here's the email exchange: ------------------------------------------------------------------------------------------------------------------------------------------------ Me: Hei *REDACTED*! Greetings and a warm welcome from beautiful *REDACTED*. How is the summer in *REDACTED*? I'm cleaning up some personal metrics and goals. For the sake of assessing my personal wealth, could you please tell me* What was the valuation of the last round?* How many shares are in the fully dilluted share capital of *REDACTED*?* What are the current liquidation preferences? ------------------------------------------------------------------------------------------------------------------------------------------------ Me: Haven't heard anything for many weeks about this. please do respond ------------------------------------------------------------------------------------------------------------------------------------------------ Him: Hi *REDACTED*,Please find the answers to your questions below: ​ The post money valuation for the round was *REDACTED* As an early stage venture backed company that has raised funding, anticipates raising again in the future, may raise debt/warrants, grants options to all employees etc, it would not be prudent to provide FDS as that number can/will change quite dramatically over time. Unfortunately confidentiality obligations in our financing documents with our institutional investors prohibit us from sharing this information. ------------------------------------------------------------------------------------------------------------------------------------------------ Me: Thank you for the responsesAbout the FDS - i'm well aware that the FDS can and will change throughout the time. However, as a VC backed firm, *REDACTED* surely has the CAP table calculated, and hence, the FDS as well. What I'm interested in is, what the FDS is right now. ------------------------------------------------------------------------------------------------------------------------------------------------ Him: Thanks *REDACTED* for your note. Please refer to the answer I've already provided. Hope you enjoy your summer! ------------------------------------------------------------------------------------------------------------------------------------------------ Me: I'm making a legal request as a minority shareholder to know the fully dilluted share capital, or the % of the shares I'm currently owning of the fully dilluted share capital. ------------------------------------------------------------------------------------------------------------------------------------------------ Him: To be clear *REDACTED*, you have no legal right to this information and I don't appreciate the tone of your note. That said, in the spirit of our relationship, I will provide you with an approximation of your % ownership once you sign our NDA (linked here). Once I send over this information, I will consider your questions done/answered and expect you to abide by keeping it confidential. ------------------------------------------------------------------------------------------------------------------------------------------------ ​ I have signed plenty of NDA-s while I was working there, so it seems odd to me that he wants me to sign NDA again just to receive this information. I would assume there is some law to protect the interest of minority shareholder and allow access to information regarding the value of the stock. The company is based in Delaware. Is this standard practice? What would you do in this situation? submitted by /u/startup-throwaway123 [link] [comments]

Did you get an employee welcome kit? Posted: 10 Jul 2019 05:28 AM PDT Some companies offer welcome kits for new hires. What do you think is obligatory for any welcome kit, and what is "nice to have"? For example, a notebook or a t-shirt could be obligatory, and sticker pack or branded mug — just an option. Did you get any employee welcome kit? submitted by /u/VladimirPolo [link] [comments]

Missing pieces, could use advice. Posted: 10 Jul 2019 10:36 AM PDT Hi there, I have the ability to produce the Product, im actually pretty deep in development. I have a team, I have the equipment....... what i don't have is any business sense or capital. I spent my life learning how to make the thing, not play the politics required of in business, and honestly I don't think I'm capable of it. I honestly dont even know the basics of setting up the company on an official level. I have realized that if i keep up my pace, I am going to have a finished marketable product, and no way to sell it. ​ Honestly i know i need to raise funds to keep production going, and to entice new members to join the team. Im not sociable, Im an autistic Idiot who knows how to make things pretty. ​ Where do i go to find a Businessman, I know its funny to say it like that, but honestly its a field unto itself, and i need one... I Know what im doing on my end, but i need help to navigate the perils of capitalism. I want to take my project somewhere it can get some sort of financial backing. ​ I hear terms about pitches and get confused, I just want to make toys. I have a rough pitch and decent amount of materials, im just looking to see what i can do before i get too far ahead. submitted by /u/Gndermuk [link] [comments]

looking for funds. Received this email. Is it a scam? Posted: 10 Jul 2019 10:02 AM PDT Hi, ​ thanks in advance, this is the email I got after a few email..... what do you think? English is not my mother tongue I will have to spend some money translating everything into english. I have concerns regarding the insurance surety bond..... any of you have any experience in that? thanks ​ Thanks again for getting back to us, the steps towards getting loan from us is very simple. The first step is to receive the information about the project. Business plan/ executive summary will be very good way to know about the project. The second step is to fill our cooperate loan application form. This form must be filled with pen. The third step is to sign our term sheet or loan agreement papers which will be signed by both parties involved. Our company and your company. The fourth step is to direct you to the insurance company that will issue you their insurance surety bond that will stand as the collateral/ security for the loan and to schedule date for closure meeting which will take place in Dubai. During the meeting, all the legal papers will be signed by both parties involve and fund will be released immediately. submitted by /u/chemota [link] [comments]

You are subscribed to email updates from Startups - Finding problems and solving them!. To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States