nikosdimopoulos

Sorry to ask but what is it and what does it do? A small paragraph of what Udentity is would be great !! I understand that this is a stealth startup but a screen with two textboxes is too 'cryptic' :)

AFAIK, whatever income you get you are responsible for declaring it. You could either declare it as Misc Income in your return or if this is a continued relationship with the said company, they can issue a 1099 for you as a consultant.

There is plenty of information on the IRS website regarding this.

I hope this helps.

Great post as usual Paul (OP).

The points raised are really good pointers for other startup companies and their approach towards fundraising, which let's not kid ourselves is one of (if not the) most important things to do.

I am sure that it is a really good product and has a lot of potential. I can easily see notifo as being one of the little tricks in a developer's bag, a framework that handles all of your notifications while you concentrate on other, more important aspects of your application.

I would agree with maxklein on the approach towards Notifo. Yes it is revolutionary and brand new technology and it did take me quite a bit to understand and comprehend what it does. The understanding was also hindered by the fact that I cannot see what it does, since I do not have an iPhone and the Android application is under development.

The only obstacle is understanding what notifo is and what notifo does. Some people will not get it but the more do, the better it will be for you :)

Keep up the good work !!