1,583 karma · joined October 26, 2012
He's betting the mods don't represent how most users feel.
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About the differences between economic class and social class.
An example question to consider:
why are electricians and plumbers less respected than university professors even though they often make far more money?
192 points in 2 hours and it's on the 3rd page
Now I acquire small SaaS businesses at CapitalAcademy.org and make it a point of making the process as painless as possible.
If you have any interest in selling or just want to learn about the acquisition process feel free to say hi, trevor@capitalacademy.org
The price also depends on the product/company itself: how stable are revenues, what's churn, how diversified are traffic sources, etc.
I can only reiterate what you've said: - Selling your company in an asset sale as a C-Corp increases your taxes 20-30% or more - Unless you're a BFD and have tons of inbound acquisition interest, the acquirer is going to dictate whether it's a stock sale or an asset sale, and they will almost always want an asset sale (less liability for them) - You should only be a C-Corp in the first place if you're a venture backed startup. Start with an LLC and just do a conversion to a C-Corp when you raise money; this maximizes your optionality.
It seems like good lives are built the same way as good companies: one small task at a time compounded over years.
How far along is the product? Have you talked to any lawyers about it?
If you've worked at a big, regulated company, you know there are tons of trainings that you have to do.
Often said training provide little to no value, other than covering the ass (CYA'ing) of the employer.
But what's worse: these programs will sometimes log you out if you're not paying 100% attention.
Everyone I knew working at our Big 4 accounting firm would do our real work while these "training" videos played in the background.
Some engineer likely thought s/he was helping everyone out. And rightly so...their time was likely much better spent in other places given their incredible growth.
I try to avoid details when higher levels of abstraction are sufficient for my audience.