Does anyone have any payroll tax hacks? One (uneducated) thought I had was to not pay salary but use company money to pay for various expenses like dinner at the office. I read somewhere that doing one large payment of salary is cheaper than periodic payments.
Any ideas? Thanks.
But why is there so much pettiness, jealousy, and negativity in HN??? You know exactly what I'm talking about. Someone will post about a helpful service that has gotten great traction + people love, and he'll get a response of "what? no search??" (Just saw this today). A man could post about how he saved a kitten from a tree, and someone will post about how he was an idiot for not using a standards-compliant ladder.
Why is there so much negativity around HN? Is it jealousy? Pettiness? I seriously think the attitude turns off a lot of people to HN and keeps it from being a great community.
I just pulled up the YC Series AA docs, which includes the following clause in the termsheet under "Investor Rights" and "Right to maintain proportionate ownership":
"Each holder of at least [_________] shares of Preferred will have a right to purchase its pro rata share of any offering of new securities by the Company, subject to customary exceptions. The pro rata share will be based on the ratio of (x) the number of shares of Preferred held by such holder (on an as-converted basis) to (y) the Company’s fully-diluted capitalization (on an as-converted and as-exercised basis). This right will terminate immediately prior to the Company’s initial public offering or five years after the financing."
Is that a reservation of YC's right to participate in future rounds? I don't mean to be accusatory: I'm asking because I'm using what YC does as the gold standard for what an accelerator should do, and I'm wondering whether an accelerator's reservation of rights to participate in future rounds is "standard" behavior.
I'd be very interested to hear the thoughts of those more well-versed in this stuff.