Question: Is it legal and acceptable for a start up to receive donations from fans or well wishers through its website to fund business operations? For example, having a donation section which enables fans to send donations via checks or accepts credit card payment from the website or paypal account. Are there tax implications? Does [...]
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Question: What are the advantages and disadvantages of convertible debt vs. equity? Answer: As we’ve discussed in previous postings, I am very much in favor of the convertible note scenario for non-institutional rounds of financing. To recap, the convertible note structure replaces the sale by early stage companies of equity securities, at a set valuation [...]
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Ultra Light Startups, in collaboration with BrightMap, is creating a new Q & A series with entrepreneurs sharing their tales of how they got started and how they found people to work with. Our first interview is with Jonathan Wegener of the Exit Strategy NYC mobile app.
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[toc] Event Summary What is an “lean” or “agile” startup? Do non-lean startups exist? What are viable options for financing a startup until you achieve profitability or fundability? Is “lean” a (temporary) stage of a startup or a (permanent) type of startup? If it’s a stage, what is the objective of the stage? What is a “product/market [...]
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