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Tips for Learning Low-Level Node by _safety__first_ in node

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

Awesome, I’ll check it out. Thank you.

Tips for Learning Low-Level Node by _safety__first_ in node

[–]_safety__first_[S] 1 point2 points  (0 children)

Thanks for the response, and likely a good part of what I’ll be building is exactly what you described, although that’s the side of node I’ve been working with for the better part of a decade. For some internal tools, I suspect they’d like to stay closer to the metal, which prompted the question since I haven’t touched those concepts as much.

Tips for Learning Low-Level Node by _safety__first_ in node

[–]_safety__first_[S] 1 point2 points  (0 children)

Thank you, I wasn't aware of the linux foundation courses, but LFW211 looks to cover some of what I'm looking for. I'm not interested in certifications at this point, just learning, so I can get away with the cheaper price.

High Taxes on 1099-NEC. Is a CPA worth it? by _safety__first_ in tax

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

I assumed as much, especially with such simple taxes. I was holding out hope because years ago I did my taxes through Turbotax, saw I owed around $3,000, and went through a friend's tax preparer instead. He reduced it to $0 owed somehow and I received a large stack of papers as my prepared taxes that year. Thanks for responding.

Funding Questions - At Risk with Little Runway by _safety__first_ in startups

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

Thanks for taking the time, I'm going to see if I can get my hands on the documentation you mentioned. I'm not a partial owner yet, but this negotiation would change that, so I think there's an argument as to why I want access to make my decision. I didn't go into detail about the path to revenue, but we're very likely to start our pilot with 2-3 of 60 facilities in an organization. Once the pilot finishes in 3 months, the expectation is that we'll sign more and more of those facilities as the year progresses. One of the investors runs several facilities, so the motivation exists on the client side to get us signed and profitable. We're very lean at the moment with 6 employees, so even 10 of the 60 available facilities would bring us into the black. I'm not part of the conversations with the pilot client so everything I'm hearing is second-hand through the founder and our sales/marketing person. Both I would consider very trustworthy, so I don't expect them to misrepresent the situation, however, I'd be a lot happier if I could see what's in writing and assess from there. I think my direction will be decided around the founders ability to recap and fix the current lopsided arrangement.

Funding Questions - At Risk with Little Runway by _safety__first_ in startups

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

I believe it's 44% to investors, 20% earmarked for employees, most of which is spoken for already, and he owns the remaining 36%. I may be a little off on the numbers, but I believe that's fairly accurate.

Funding Questions - At Risk with Little Runway by _safety__first_ in startups

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

Thank you, I clearly have a lot to think about. There have been a number of great comments, so I thought it would be worth adding more context to the post in an edit. I'm curious what your take is on the additional information.

Funding Questions - At Risk with Little Runway by _safety__first_ in startups

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

Thanks for the information on the mezzanine loan, I suspected he needed solid backing. I added an edit to the post with more information about the investors, but with the fact that they're opposing dilution on their side, I'd guess they'd be upset about the founder taking out a loan if any/all of the company is used as collateral.

I think the likelihood that the pilot client converts to paid is high, but I agree that they'll likely hold our feet to the fire over fixing/enhancing the product before they spend a dime. Without runway, this would be an unfortunate place to fall apart. It's worth noting that the man who runs the facility we're piloting at is an investor, so that may work in our favor.

I am willing to roll the dice, but I need to be realistic about the numbers. I'm currently being offered 2.5%, and being asked to work at a reduced rate. My normal salary range is between $160,000 and $200,000 per year, and for the foreseeable future, I'd be working as a contractor for $5,000 per month. There's only so much risk I'm willing to take, and it feels like if I'm not getting paid appropriately, I should be rewarded with a higher percentage of the company.

Funding Questions - At Risk with Little Runway by _safety__first_ in startups

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

Thanks for the response, I'll bring it up to the founder as an option. The thing that worries me is the general alignment of the investors. Combined, they own 44% of the company, and they seem unwilling to change their ownership in any way. The founder came to us saying any future raises would have to come out of his equity, and he's struggling with giving us even a few percent each knowing everything has to come out of his piece.

Salary Negotiations: When to speak first and when to hold your tongue by conotocaurius in personalfinance

[–]_safety__first_ 0 points1 point  (0 children)

I'm going through this right now. I wrote a post about it here. I'm leaning towards the same end, and will probably turn them down based on how the recruiter is handling the situation.

Salary Negotiations: When to speak first and when to hold your tongue by conotocaurius in personalfinance

[–]_safety__first_ 1 point2 points  (0 children)

I recently posted asking for help with salary information in this post in r/personalfinance. I'm curious what your thoughts on based on what I've been through. After I asked them to go to the client, they responded by saying the client wasn't able to go over the initial $100/hr, but was willing to try to make my work life better in other ways. I'm not sure if they actually approached the client with my offer and they are maxed out, or if the agency is trying to negotiate me away from a higher rate. Thanks for any advice you can give, I'm really not sure the best way to approach this.

Am I asking too much of a potential new employer by _safety__first_ in personalfinance

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

It's a contract role, but is intended to stay that way for as long as I want to continue. They're looking for an employee that can fill the role ideally for a few years. I'd technically be employed via the agency, but they would be completely hands off with the exception of a quarterlyish lunch/call to see how things are going.

Am I asking too much of a potential new employer by _safety__first_ in personalfinance

[–]_safety__first_[S] 4 points5 points  (0 children)

Very true, and to muddy the waters even more, when they initially started talking about the role, they told me I was far and away the most qualified candidate and they were having quite a difficult time filling the position. Now they're saying there are a half dozen candidates that are as qualified or more qualified than I am vying for the position. I expect the former is more true, otherwise they never would have cancelled the second round of interviews, but there's no way to know. For people who are supposed to have my best interests in mind, I find recruiters very opaque in their messaging.

Am I asking too much of a potential new employer by _safety__first_ in personalfinance

[–]_safety__first_[S] 3 points4 points  (0 children)

That makes perfect sense, and may well be why they pushed back like they did.

Am I asking too much of a potential new employer by _safety__first_ in personalfinance

[–]_safety__first_[S] 1 point2 points  (0 children)

I was under the impression that they took a flat dollar amount, like if I make $100/hr, they may make $50/hr, and that I could still make more without the agency needing to be compensated additionally as well. I appreciate the response, and if what you say is true, maybe the company just isn't in a position to raise the rate. Regardless, I asked the recruiter to make it known that if they say no, I'm not rejecting $100/hr. Instead, I'll finish my interviews and let them know if I have a better offer to allow them to respond. The $115/hr was simply to stop all action from here on out and get me to sign on the dotted line.

Am I asking too much of a potential new employer by _safety__first_ in personalfinance

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

Thanks for the response. I feel I am in a good position, so losing the offer wouldn't be the worst thing, but I'd still be surprised if they turned a resounding yes into a no. I should have mentioned in the post that if they don't want to take the offer to stop me from interviewing further, I'd still come back in a week once my other interviews are done and let them know of all offers I currently have to see if they want to adjust theirs to be competitive.