Stripe’s New Delaware Incorporation in a Box is Impressive
For $500 (as of the time of this post), subscribers to Stripe Atlas can incorporate in Delaware, get a tax ID number and open a bank account. That’s amazing.
Of course, the catch is that you have to use their service for your payment processing.
Regardless of that catch, I hope they can keep it up.
Did Uber just have a down round?
From the Mercury News (June 2, 2016):
SAN FRANCISCO — Uber said Wednesday it has raked in $3.5 billion from Saudi Arabia’s national investment arm, a deal that sets a record as the largest U.S. funding round for a private, venture-backed company.
The massive investment is remarkable even for Uber, which consistently has raised staggering amounts of cash at sky-high valuations while undergoing explosive global growth. Under terms of the deal, Uber will maintain its valuation of $62.5 billion and its position as the most valuable private company in the world.
“Maintain it’s valuation”? Really?
It looks like Uber just sold another FIVE and ONE-HALF PERCENT of the company and took in another $3.5 BILLION in cash and had no increase in valuation. That sounds like a dilutive down-round to me.
Isn’t Uber the “healthiest” unicorn?
Is this the beginning of a private market downdraft?
I sure hope not.
I could post this over in my FB feed, but for some reason — later, when I need it — I can never find anything that I post over there. So, um, I’ll leave this right here.
On the Road to Recap: by @bgurley http://abovethecrowd.com/2016/04/21/on-the-road-to-recap/
The more things change, the more they stay the same. sigh.
Many moons ago, Scott asked me about espresso machines. Specifically, he asked me how I liked our Francis Francis X3. My response? “It died.” In fact, much too my wife’s horror, its guts (and carcass) still adorns my workbench in our garage.
What Scott really wanted to know was “what espresso machine do I like?”
I finally got that answer (but alas, by that time, Scott had purchased his own espresso machine…and thus my recommendation was available a little late…at least for him).
Just today, the email box pinged with another email from Scott. His espresso machine died…so what was my recommendation again? Well, it hasn’t changed. I recommend the Bezerra BZ02. And I really need a “Part 2” in order to explain why.
For now, however, it’s worth posting up my email reply to him for both the links and for the comment about the grinder. Enjoy. Oh, and more from me on this later.
Wow…blast from the past. I’m now almost embarrassed to have recommended the Francis.
We have a Bezzera BZ02 (Semi Auto) and love it. We have had it for a while and when I purchased it, it was hard to find….I don’t know whether it will be easier or harder now.
We bought it from a guy in Sac (http://www.vanelis.com/store/), but he doesn’t seem to be carrying it anymore.
As you re-enter this amazingly complicated world, read this thread….it’s a good one: http://coffeegeek.com/forums/espresso/machines/333116
And I can’t stress enough the “GRINDER. GRINDER, GRINDER” comments. I wish ours was better, but since I know how to baby it, I can make good espresso even with ours and thus can’t seem to justify the $$. I always wonder though, what I would get if we had a Mazzer, Macap or Rocky. As one of the guys in the thread said, “Buying a really nice espresso machine and a cheap grinder is a complete waste of time and effort.” I wholeheartedly agree.
Did you know that there is gold lying around on the ground courtesy of Obama?
Specifically, new temporary income tax rules for start-up, and other small business, stock acquired in the Next Three Months provide that the Income Tax Rate for later sales of that stock is (pretty much) ZERO.
From three days ago (September 28, 2010) through New Years Eve (December 31, 2010), if a US individual is lucky enough to buy the right kind of stock from the right kind of start-up and holds it for 5 years, a vast swath of the gain realized by such individual on a later sale of that stock just might be TAX FREE.
And no, this is not limited to some targeted industry located in some narrowly defined “prosperity zone.” Many companies are already the “right kind” of company and can easily sell the “right kind” of stock.
Oh, and for those of you AMT-style doubters, there is no AMT preference in this super-special US tax holiday. So, that would make it a ZERO federal tax.
Hmm. Wondering if I should form a start-up in the next three months.
Read more here. And the law can be found here (see Section 2011 of the Act and note the magic words: “paragraph (7) of section 57(a) shall not apply”).