ixmatus
Joined 18 years ago
Joined 18 years ago
From my limited experience as a founder, forming a C corp early has made some things easier. The time we had to convert a California C corp to a Delaware C corp became messy and I imagine converting a {whatever state} LLC to a Delaware C corp also has the potential for being messy.
The conversion cost us a lot of money to have done right when instead taking boilerplate docs and simply forming in Delaware first would have been much easier.
Angels and incubators will generally want you to be a C corp first or convert ASAP, too (which is a valid option but I feel like there are other more important things to be spending cycles and money on). Raising money without worrying about converting your corporate structure is a pretty big reason to just do it as a C corp from the start.
Form a C corp in Delaware and get the ownership figured out ASAP. I also generally think that all of the founders should vest (no cliffs or anything, but a four year vest for everyone will keep the company safe in the event one of you leave, even the CEO).
I agree with cglee's comment that you don't need capital right now, get more traction and build more product. Then in six months revisit the topic and determine if your organic growth is enough to sustain further growth or whether you'll need capital injection.
Raising money, btw, isn't always just about the money - if you pick your investors correctly they can help you and your business tremendously.
I'm encouraging psychological healing. I've very much been through a very similar experience.
[EDIT]
It actually sounds like it turned out well since she did end up with a solid co-founder relationship anyway. I'm leaving this up for posterity but now think my thoughts on this are unwarranted.
I think she is 100% in the clear for glossing over it and I personally would have left out bits like "backstabbing" &c... They may or may not have but describing her personal emotional experience while leaving out the hairy and sticky co-founder dynamics is a great way to share an experience of the "dark underbelly" [that is startups].
It always takes two to tango and you're right to not bitch about them but then saying you were stabbed in the back is silly. Being a founder is tough, having co-founder problems is tougher, clearly understanding what your part in the dynamic is or was is even more difficult.
Sometimes, too, to get this level of internal depth takes distance from the people and the experience. It took about six to eight months for me to figure out what was rightfully my fault and what was rightfully my co-founder's fault - beyond "seeing the warning signs early".
Also, I don't know what your captable looked like but if you were the controlling interest you cannot and should not expect anyone to care about what position you're left in - you must be prepared to shoulder the burden on your own for a bit if they decide it isn't worth their time anymore. The more you own it the more you own it.
Hope you're okay and sorry if this comes off as admonishment, it actually comes from a heartfelt place. You're welcome to contact me personally if you want more support.
[EDIT]
Re-reading my comment, I might be coming off too much as an armchair psychologist, I'll leave the comment up for posterity and maybe you'll find something useful in it or not. Either way I think you've handled yourself well and hope that you yourself are doing well.
Higher rates help filter out demanding clients and also make it "worth it" when you do get a demanding one. Higher rates helps focus you, with 20 cheap clients you'll feel like going bonkers. With one or two high-paying clients you'll feel focused.
With higher rates and therefore more focus you also provide better customer service during the day. That will help reduce the amount of off-hour communications (this is also a boundary thing that Patrick already mentioned, be firm). Clients that understand that they get what they pay for and are comfortable paying a higher rate usually let you do what they are paying you to do and only communicate on the set meetings over minutiae.
As languages go, Haskell out paces (not just in elegance but pragmatism too) most of the mainstream imperative languages.
The tooling for scientific computing does need to catch up though.
If you had posted the link asking for a comparison, that would've been different, but your ignorance seemed obvious to me because of the haughty wink at the end of your posted link implying we were being let in on some kind of secret.
The syntax is nice because it enables the programmer to express software in a terse way, generally favoring the types as documentation and a strong mental model to understand the abstraction.
Hacker News is a funny place and you'll find contrarian points of view tend to be "jumped on" unless you use difficult to refute language that pulls your disagreeing commenters or downvoters into a logical argument.
The other guy that commented on yours is a good example of language that's less "enticing" for trolls and still provides an interesting counterpoint to the original article.
Right now "cloud" stuff is looking a lot like Subversion back in the day - I'll love it when the "distributed cloud" arrives (mesh networks are kind of the first iteration of that but they won't catch on until more people have fiber internet and there comes a commercial use for it like what Kickstarter did for crowdfunding).
[EDIT] The downvote trolls have been out recently - this guy has a legit comment; it's not detracting and it provided an interesting point of discussion that I myself took up. There's no real foul in his comment.
I live in Austin, TX and was the co-founder of a revenue generating startup (split with partner three years later). I'm a Techstars alumnus and love startup culture.
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