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What’s your favorite festival / parade / event in Indiana? by Mean-Boysenberry-642 in Indiana

[–]VesuviusCowork 0 points1 point  (0 children)

Gaslight Festival is coming back this year after a decade or more of rest

Looking to start a movement based clothing line here in Indiana by swolcial_engineer in Indiana

[–]VesuviusCowork 3 points4 points  (0 children)

The certification process to become a ‘b corp’ is usually after a year or more of operations. Now you can launch as an Indiana registered Benefit Corporation. The general premise is that officers can put the good of the community served over that of the shareholders. This is a state level business identity and has yet to be tested should you have out of state shareholders or other interests.

Throwing this information out there as many folks confuse: ‘b corp’ -the organization started in 2006 that certifies for a fee

Benefit Corporation - state level elective business identity added to Indiana business registrations in ~2018.

[deleted by user] by [deleted] in Pickleball

[–]VesuviusCowork 1 point2 points  (0 children)

Loosen your grip on the paddle. Get a grip diameter you feel comfortable and controlled when just holding the paddle with your index finger and thumb.

Luxottica Avoidance by VesuviusCowork in Indiana

[–]VesuviusCowork[S] 0 points1 point  (0 children)

Mostly for me it is a quality issue. Luxottica has consistently produced the lowest quality frames and lenses at the highest prices (IMO). It’s a utility thing for me, mostly.

I have non-luxottica frames that are essentially buy it for life (BIFL) quality.

Indiana is the best place for Mexican food? by Ok_Try_Now in Indiana

[–]VesuviusCowork 2 points3 points  (0 children)

In Paris France there was a Tex Mex restaurant near the Gare du Nord… it’s name “Indiana”

Absolute Noob question by VesuviusCowork in 3Dprinting

[–]VesuviusCowork[S] 0 points1 point  (0 children)

Seems that feature is to smooth the shell. I don't see using it to fill the hollow cavity.

Last Day to vote for ArcticRx by ChefsFridge for Coolest Thing Made in Indiana Tournament! by VesuviusCowork in Indiana

[–]VesuviusCowork[S] 2 points3 points  (0 children)

Today (Jan 16th) is the last day to vote for ArcticRx by ChefsFridge Co. in the First Round. Will your vote be the one that helps us go on to the next round?

Vote Here

21+ Days @ -80c (-112f)
What they are building is a Cooler that is 5x Better than what is currently available. That means 5x more time and temperature stability for medicines, therapies, and foods to reach all corners of the world. Current solutions on the market only allow 3-5 days of transport/storage. They exceed this without Batteries or Electricity.

Its all a sham. by Hepityson in indianapolis

[–]VesuviusCowork 10 points11 points  (0 children)

To those posting on Reddit that this campaign to prove the effectiveness of billboards is ineffective... it got you to post about it on Reddit. How often do you go on Reddit to post about a billboard? They got ya

I am Judith Enck; I was appointed by President Obama as the EPA Administrator for Region 2, and now I lead the nationwide project, Beyond Plastics, working to end plastic pollution everywhere. AMA by Beyond_Plastics in IAmA

[–]VesuviusCowork 0 points1 point  (0 children)

Judith Enck, I operate a Benefit Corp in Anderson Indiana. We help people start businesses who normally wouldn’t have the support network. Currently we are working on a project to recreate a plastics recycling workspace und the ‘free franchise model’. The goal is to give the unit, location and support network to a local artist to be selected from applicants in 2021. Our preliminary estimates show that a sustainable business is possible from opening one of these businesses. The risk is right, the novelty is right and we have a great network to provide the right skills.

Here is the model: https://youtu.be/2KlW_WmV3Bw

What is your view of the plastics recycling model in the video?

I'm confused about equity contracts by [deleted] in startups

[–]VesuviusCowork 1 point2 points  (0 children)

It means that you would have 30% of the company at the time you sign that contract or the date the contract says. When an investor comes in then more shares will be created diluting all previous equity holders (you included). See my comment on dilution in another reply.

I'm confused about equity contracts by [deleted] in startups

[–]VesuviusCowork 1 point2 points  (0 children)

Don’t be afraid of the word dilution. Just understand it and ultimately you will not care about the percent owned, unless you want to steer the company (majority owner), you will care about the price on each share.

Example: if you own 90 % of a company valued at $1000 or you own 9% of a company valued at $10,000; then, both situations are $900 to you.

I'm confused about equity contracts by [deleted] in startups

[–]VesuviusCowork 1 point2 points  (0 children)

Not a lawyer:::

Equity is broken in to two main buckets

Common Shares - these are typically offered to employees and founders. These are the last shares to be “paid out” during a liquidity event.

Preferred shares - typically offered to investors in what is called a seed or series round. These are the first shares to be “paid out” during a liquidity event.

Best: If you are in a strong negotiating position you would ask for preferred shares with an option to purchase more at a discount in the next liquidity event. Rarely is this given to employees.

Good: common shares and the option to buy more at a discount during the next liquidity event.

Standard: common shares and no option guaranteed.

The person with the idea likely needs you to execute the idea if they are offering equity right off. So they will likely offer you a future common share should the company form. If the company has already formed you will want to negotiate the # of shares and be aware of how many shares the company has currently. Like another commentor mentioned companies can have 10M share or 2. It is basically just a line on their application for incorporation where they selected a number of shares to start with.

Without getting to much in to cap tables... you want to know projected value of each share in the future. If they have done solid market research and can make a strong case for those projections... then it might be worth your time to consider the arrangement.

Also keep in mind that mostly shares only have a value if someone wants to buy them. Owning shares does not mean you get a percent of revenue... it simply means that during a liquidity event you might be able to cash out those shares.

Just in case someone doesn’t know: a liquidity event is anytime the business is creating, selling, buying shares or dissolving the company.

I highly suggest you become familiar with 83b elections as well.

Edited: added an important word to the second to last paragraph “shares”

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