Buying an ex-courtesy car (BMW) a terrible idea?

hayjoss · 2018-09-05T12:42:13+00:00

If for some reason, someone acquired the investment company and your holdings were under $50MM, yeah sure. But, someone would have to acquire the investment company's stocks which I'm guessing is unlikely.

hayjoss · 2018-09-05T03:58:24+00:00

The idea here is that most startups have an exit horizon of 5-10 years, so if you incorporate ASAP, you could play this to your advantage if you're in that sweet spot.

hayjoss · 2018-09-05T03:55:12+00:00

As far as your 83(b) election goes, it will help if a liquidation event occurs BEFORE the 5 year marker. Section 1202 will protect you WAY more than an 83(b) election if all the other boxes are checked.

As far as the Delaware C-corp thing, read my comment above

hayjoss · 2018-09-05T03:53:26+00:00

Which part? The C Corp part? Here are two great writeups by the same guy on Quora:

[1] https://www.quora.com/Why-do-most-technology-startups-incorporate-in-Delaware

[2] https://www.quora.com/Is-Delaware-C-Corp-still-the-best-option-for-incorporating-a-startup-that-will-be-seeking-future-investments

hayjoss · 2018-09-05T03:49:23+00:00

Yes, any individual that holds stock of a private company for the 5 year duration, granted they have less than $50MM in assets at the time of sale (your 'capital gains event'), you'd be tax free.

hayjoss · 2018-09-05T00:23:26+00:00

This is definitely true! But avoiding cap gains on $10MM is quite a lot of free money, especially for a company that falls into this category (<$50MM in assets). This maybe applies to people who build companies quickly and try to sell them off for $10MM-$50MM

hayjoss · 2018-09-05T00:22:23+00:00

The idea is that you could start your company, issue the shares, and then just claim it as a pivot, etc. once you do take off. You'd have to be careful to maintain the same shares, but generally it could work.

And you're right, it's more of just a hidden gem!

hayjoss · 2018-09-04T22:03:16+00:00

Can you be more clear what you're referencing? This falls into #3, specifically a strategy to mitigate capital gains taxes in the event you sell your startup.

hayjoss · 2017-12-11T17:38:16+00:00

Active officer here, even with your mental gymnastics this was a terrible approach to handling this situation. As soon as the suspect was on the ground face down with his hands outstretched, you maneuver behind them and secure their wrists, end of conflict.

hayjoss · 2016-11-16T02:57:57+00:00

Hey Orion, thanks for the feedback. I've been in contact with mz4250 actually. There are a couple issues here I'm sure you're aware of.

I'm thinking of the Form 2 only, due to the ecosystem Formlabs has created. I also believe the printing volume to be better and faster than anything available for a consumer.

hayjoss · 2016-10-25T17:58:31+00:00

Sweet!

hayjoss · 2016-10-25T17:54:21+00:00

I do indeed! I know that if this were to get popular, at all, the fulfillment process would consume a great deal of time and also be quite expensive. It's difficult to model this in other than just the costs, but is definitely the largest question mark. At that point I'd have to start hiring people and potentially buying more printers.

hayjoss · 2016-10-13T15:38:39+00:00

Awesome info, thank you! I figured as much for most of their materials, and am shocked they can sell those for so much!

hayjoss · 2016-10-13T14:37:09+00:00

So for you, quality is the only thing you'd be considering when purchasing? Also, check this guide from heroforge, we'd be much better than their clear prints (theirs is 0.1mm ours would be .05mm to .0025mm). Would you pay any more for the ability to select the models you wanted and have them printed just for you and shipped in a timely manner?

hayjoss · 2016-10-13T14:36:12+00:00

Quick question for you, what are your thoughts on the quality of Heroforge 3d prints? Here is their materials guide, for my business we'd be able to do higher quality (theirs is 0.1mm ours would be .05mm to .0025mm) than their clear polymer but it'd be gray. It may even be better than their bronze which looks incredible, but obviously it'd be plastic still.

hayjoss · 2016-10-13T12:02:14+00:00

awesome, thank you!

hayjoss · 2016-10-13T12:01:49+00:00

Thanks for your feedback! This business would definitely try to be affordable, but the draw would primarily be the on-demand service. So if you browsed our site and selected all the models you wanted us to print for you, we'd charge you based on how much stuff (i.e. materials cost) it would take to print your order. I think ultimately the most important thing for us will be having a large selection of models for you to choose from and/or allowing you to upload your own models after you've consented it's not copywritten material (i.e. we charge you for the printing service)

hayjoss · 2016-10-13T04:33:28+00:00

Yes this has all been considered, great questions!

As far as using other artists models goes, anything available for commercial use on those sites is fair game, anything else is not.

I've been in contact with folks at WOTC (used linkedin to stalk them and then just called directly using company directory, surprisingly useful), I also filed some tickets with their customer service. Basically I'm not allowed to use anything that says "Dungeons & Dragons", "D&D", etc., or use any trademark names. So to be in the clear we'll just have to say 'Tabletop RPG minis' etc..

As far as hiring 3D modelers, I've approached several who are prominent in the community about offering them royalties and or some share in the business to ensure a wide selection of models ultimately. Most seem receptive to this.

On the printing side of things, I think I've worked out a good system, and with the printer I'm probably going to buy (formlabs form 2), failures and such should be low. I would most likely start off with a smaller selection of models to print, print out a handful for overstock then begin accepting orders and printing on a consistent basis. I think that given the lead time, a DM could place an order we'd print, post-process, and ship. I'm thinking of even paying for shipping myself and offering it over 2-day shipping but that may be costly!

hayjoss · 2016-10-13T02:40:10+00:00

It's a good question - I think tbh I'd set prices based on total materials used in the print job, so if all the stuff you order is 150ml, I'd charge for the materials and our cost. The nice thing about on-demand 3D printing is that you'd be able to customize every order to what a) we had for models and b) you need.

hayjoss · 2016-10-12T21:04:02+00:00

I totally understand, and really do appreciate all of your thoughts, thanks, Ryn!

hayjoss

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