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@lemoreq Who does a good job?

@lemoreq It’s a fair criticism. I think they care, just not enough to do any extra work to turn it around. Their numbers over time for black or Latino led companies seem to be decreasing.

@hedowns Why not make enough money to eat from your own startup? http://www.paulgraham.com/ramenprofitable.html If you do however need to make extra money before you get to ramen profitable, then do it consulting or freelance work. If, however, you do end up employed, make sure you request a...

@daniellea This refers to board but applies one a 1:1 level too https://bothsidesofthetable.com/should-your-startup-have-an-advisory-board-c7cab4872838

@prinzleczy What are their terms ? I havent shared a cap table with them yet

@pitcreature Atlas ask how big is your option pool, and since almost no one has a pool before incorporating or don’t know what it should be, they just put 0

@dduc996 The right set up would be 10M shares 6M authorized. The founder owns 100% of the authorized shares, therefore 100% of the company. From the remaining 4M shares you can grant Restricted Stock using RSPA, and do that before a 409a and an accompanying ESOP, especially since so many...

@vanillasunflowers Stripe has UX that trips people up. You were not supposed to assign yourself all 10M shares ! What you’ll do is fix that by issuing more shares or fixing the previous grant and then for the person you are giving shares to you will use a Restricted Stock Purchase Agreement...

@eileenwithfaith Sounds like you need different attorneys O1s for YC are pretty common Also try unshackled ventures I know lots of founders from Techstars and YC get O1s, takes a few months and some creativity

@rcorfield It’s harder for founders to get it wrong, they really focus on creating all docs that pass due diligence Founders can easily and often easily get it wrong on stripe atlas

@jada11 C Corp 10M shares Authorize / assign founders 8M shares Leave 2M unassigned / on reserve / not authorized Put everyone on cliff and vesting Most founders mess up the share count and then it’s annoying to fix it with lawyers I highly recommend clara.co instead - less likely to...

@aubsessedtllc If you show up with suit and tie it will be out of place Wear nice sneakers + jeans or whatever you feel comfortable with

@stas Your RSPA is ok as the minimum but ideally, you do a termination agreement that has a mutual release and non disparagement agreement Get a venture lawyer or feed it to GPT4

@georgios22 There’s so many accelerators out there, apply to all of them and keep building and taking to customers