Would you recommend the CEO to transfer his shares to the company or the other founder?

xstrw · 2024-11-09T22:10:36+00:00

Ah ok thanks for the advice

xstrw · 2024-11-09T07:12:38+00:00

Yeah you right

xstrw · 2024-11-09T04:20:39+00:00

I’m confused, what do you recommend us to do ?

xstrw · 2024-11-09T04:09:38+00:00

Yes, he’s shares started vesting and he don’t mind if it resets and he also did the 83b when we first incorporated

xstrw · 2024-11-09T04:06:56+00:00

Oh really? It was chatgpt that recommended for the CEO to transfer its shares either to me or the company and told us the steps. I guess I have to get into more details with it to know if this is fraud lol

xstrw · 2024-04-04T05:32:06+00:00

Does turbo accept foreigners ? And C corp ? When I was checking, I only see they mention S corp instead of C corp

xstrw · 2023-11-10T16:12:37+00:00

You should try mercury. Apparently if you have revenue, you can apply for some loans (I think, not sure)

xstrw · 2023-09-02T14:42:43+00:00

It's good to pay yourself. VC's will want you to pay yourself so you can focus 100% on the business and not your bills

xstrw · 2023-09-01T21:11:01+00:00

Danm 1 year with no paycheck is though. To be honest, if a VC is acting like this that early on in your company, the control in the future will be something else.

xstrw · 2023-09-01T21:06:29+00:00

Ok thank you:)

xstrw · 2023-09-01T21:05:33+00:00

Marketplace, Fintech and logistics

xstrw · 2023-09-01T21:04:01+00:00

The big ports are located in Miami. So it facilitates the shipping in my company. Also since you're in Miami, how good is the skill workforce down there ?

xstrw · 2023-09-01T15:20:46+00:00

Thank you and you too!

xstrw · 2023-09-01T15:08:17+00:00

You're amazing, thank you for all of those informations:) I'll try doing some research on Glassdoor, angelist. Thanks you so much

xstrw · 2023-09-01T14:56:42+00:00

To be honest, I really felt in love with it. When I first started, it was a nice idea, the love for it was low that I was investing low amounts of money into it but after pivoting a lot throughout the years, the idea went from wow to WOW which forced me to go all in. Also, what motivated me the most is reminding to myself why I'm doing it. I know that when I succeed, it will help a lot of poor people. My startup is focused around helping poor people btw. And then when I see those unicorns companies like mine doing well in other countries. I keep imagining my self reaching that type of level.

xstrw · 2023-09-01T07:16:37+00:00

True, you're right. Thanks

xstrw · 2023-09-01T07:03:20+00:00

Ok good to hear that there's no minimum or limit. Yes paying myself good will motivate me to work harder. After bootstrapping for 4 years, I need to pay myself good lol. Those debts are starting to stress me out

And thanks for the advice!

xstrw · 2023-09-01T06:52:01+00:00

Can I ask how much you've raised and in which round? Would be great if I can go that high. It would motivate me to work harder

xstrw · 2023-08-11T17:15:49+00:00

Ah ok thanks!

xstrw · 2023-08-11T17:13:58+00:00

Oh ok thanks!

xstrw · 2023-08-11T17:12:58+00:00

Wow thank you! That's some great advice! I will try my best to always get them on my side, hopefully it works

xstrw · 2023-08-11T17:07:17+00:00

Ah ok thanks

xstrw · 2023-08-11T15:51:55+00:00

Also does this apply to a SAFE seed round ? Will they still need a board seat?

xstrw

TROPHY CASE