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    how to handle your financial situation

    Our tax burden is big enough that it's our primary expense. I've spent a lot of time and money hiring people to work on it, and read books myself. When I had a job, if someone made Ben's claim and had professional credentials, I'd have happily paid him/her $50,000 to reduce our tax burden to...
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    how to handle your financial situation

    Maybe you can, maybe you can't. If you have as liquidity event with a company, you almost surely are going to pay more than 10%. I've seen founders F*ck up deals worrying more about their tax burden than they should. I've interviewed job candidates who needed a job because they tried to game...
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    LOL- lady wants to raffle away her bar business

    Without seeing liabilities, no way to know...winning very well could bankrupt the "winner".
  4. B

    how to handle your financial situation

    So...what is long term cap gains? ;)
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    Stanford U mini-course by Y Combinator president on launching a startup available online, for free,

    Man...have you watched her presentation? Within the first 3 mins she described this as her process for "if Homejoy doesn't make it" and then described exactly how her company would fail. I actually think this is a really valuable episode.
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    Where do you find people with their problems?

    Awesome...someone solve this cheap. I hate feeding our dogs more than cleaning the toilets.
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    Go into debt for buying Magic cards, should I do it?

    HOT! MINDSET 
    Most of us are totally desensitized to the real risk borrowing creates, which is substantial. You need to get paid for that.
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    Homejoy Is Shutting Down At The End Of The Month

    HOT! 
    Nobody knows what startup companies are worth. That's it. The institutional investors are not stupid, or irrationally exuberant. They know more about what these companies are worth than anyone, including the founders. They need to make their bets to a strategy, they know most are going to...
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    Stanford U mini-course by Y Combinator president on launching a startup available online, for free,

    Damn, only 10mins in and this is really good.
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    Guidance for a kid

    Awesome! Save that money, yes. I'd suggest you start building original code that does something you think is interesting or fun, you don't necessarily need to have a profit motive. You just need to keep getting better at your craft. In parallel start looking at how coders make big money as...
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    Guidance for a kid

    I'd pre-buy that today. A huge motivator for me and entrepreneurship is setting the example for my kids. This is actually bigger than a liquidity event to me at this point.
  12. B

    how to handle your financial situation

    The point I was making is tax is just an expense to watch and try to optimize. The goal is money in your pockets, not lowest tax rates. A distinction people forget to great cost all the time.
  13. B

    What are the best books or websites to learn website and software development?

    https://www.elance.com/
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    *PROBLEM* Manufacturer can't ship properly

    You cannot test/inspect in quality.
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    Bought a huge house with a 3 car garage and a pool!

    GOLD! MINDSET 
    Well done, especially not taking Dad's money. Way to man up, all too absent in this world today. It took us 3 years to get through debt, and then we sold our house to move to a cheaper house (and state). We felt so rich when we got here (and got distracted by babies and sleep deprivation :)...
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    Founder of startup wants HUGE salary from the beginning

    HOT! PEOPLE 
    Whether you realize it consciously or not (you are sleepless for a reason), you are in the middle of a total shit-show. But that doesn't mean it's time to punt, IMO. It sounds like you guys are building this software with absolutely no business foundation. In VC speak, you guys desperately...
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    Founder of startup wants HUGE salary from the beginning

    HOT! PEOPLE 
    This- "if i had a degree and 1-2 year job experience id basically have a co-founder title" If you're putting time and money in to this thing, you guys need an agreement for what sort of shares you get for it. You'll certainly need a corporate structure so people can give you money. You guys...
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    Founder of startup wants HUGE salary from the beginning

    HOT! PEOPLE 
    What corporate structure do you guys have? What did you get for your investment thus far? What's in writing? Your language hints that you might be getting taken advantage of here.
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    Founder of startup wants HUGE salary from the beginning

    HOT! PEOPLE 
    So...Zuckerberg shouldn't have gotten founder credit for FB because he dropped out and never had a job before? This is a whole lot of bullshit that you just wrote. I'm not sure why you think this, but if it's because of this "CEO", fire him.
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    Founder of startup wants HUGE salary from the beginning

    HOT! PEOPLE 
    I worry most for you. Ask him if he understands this means he takes a much lower equity share. Carefully watch the reaction. If the guy is critical to the project, has an ex-wife and child support, lives in Palo Alto etc, the VCs might be more understanding. If he's got a fancy lifestyle...

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