https://www.adthatch.com/is-my-startup-viable-calculator
Last week, my co-founder and I walked away from our revenue-generating startupJason Cohen's startup viability calculator was the nail in the coffin https://lnkd.in/dYDqk6kPWe spoke to many investors about our startup, and the calculator is the best proxy for vc feedback I've seenUse the calculator as a gut check before speaking with customers, building, or pitching. It should save you time
I'm building a tool that predicts the value of a tax strategy, the 83(b) election, and am trying to understand the return distribution for vc-backed startups at various stages so I can ballpark how valuation evolves the 5 years following when someone joins.Assuming Gaussian price movement (for Brownian motion) is probably very wrong unless the startup is late stage.Some research from Angellist...
Some wisdom here. Thanks.
That's a very quick re-prioritization! How'd that make you feel?
Answer: ISOs are one way. Although I'd clarify that employees will pay tax, it's just a matter of when.
Learn about ISOs here: https://turbotax.intuit.com/tax-tips/investments-and-taxes/i...
The benefit of S Corp tax status is that you pay yourself a dividend in addition to your income. They are taxed differently.
The drawback is you now have a payroll obligation.
An LLC can be single member. An LLC with S Corp tax status cam also be single member.
There's a lot of info about S Corp status online. Hopefully this puts the strategy on your radar for more investigation.
Biz tax is a deep topic. Short answer is the LLCs are passthrough, which means you'll receive a k-1 from your accountant that you include in your personal return.
Quick strategy tip: have your accountant apply for S corp status for your LLC. You'll pay less tax right away.
With public companies you typically "sell to cover" when you vest, but this isn't possible with private shares.
The workaround is the 83(B) election.
Your employer should produce a W-2, and your share grant will be included.
I'm a tax nerd and software developer. What startup tax questions would you like answered?Example: what the heck is 83(B) and will it save me money?
I'm building a niche payroll service and need to transfer cash from employers to employees.Does any provider handle bank verification (e.g. plaid) and cash movement (dwolla) together?
- 2 technical founders - Marketing front-end: Squarespace - Backend: Deno+TypescriptFeedback?
My (brand new) product solves a regulatory compliance problem using GPT.How would you defend it against competition?* Competition includes customers building the thing themselves and third party competitors.* Don't worry about product market fit, distribution channels, audience targeting, MVP features, or any other very valid concerns for early-stage startups. This post only concerns moat.
- gravity
- male pattern baldness
- Heller's syndrome
TIL.
> We called it Jurassic Amber Ale or T-Rex Lager or something, and it was pretty good," Cano says. It was served at his daughter's wedding
Plus the tasting notes later about spiciness.
I can't think of anything else in government - not known for humor - having started as a joke. I wonder what examples the author had in mind.
Nonetheless, good to learn about WHI.
Giving and receiving Christmas presents is a privilege, but it's also a tremendous waste of time, money and planet.Can we just stop?Why?- My kids expect presents- Useless tchotchkes end up in the ocean or landfill after all the waste of producing and transporting them- These things cost money- Many gifts induce strong cringeMy family has a no Christmas gifts policy, but especially for my...
What's the general vibe on RoR nowadays?