Your comment begun with +1. It is now at -1. So of all the people that looked at it, some modded it, and of all those people, there are two more people who downmodded it than upmodded it. Two.
Right now the post has +186. So assuming that half of those people read your comment, we have something like 93 people who read your comment, and there are just two more downmods than upmods.
Unfortunately, HN shows people a comment's score before they read it, which skews results. People aren't objective, they tend to upmod comments that are already upmodded and downmod questions that are already negative.
So if you are unlucky and the first one or two people to read your comment are constipated, you get a negative result for not fault of your own. Bad luck, try again.
Please don't be discouraged. Try to be helpful and constructive and to present a point of view that others may have missed in the conversation. The upmods will eventually follow. Cast your seeds and let a thousand flowers bloom.
What are the terms of the deal, specifically? How much to startups have to pay back if they take the $150K, and when do they pay it? What about valuation of the startups (ie. $150k for 10% implies $1.5m valuation)? Or is this more like a loan ($150k, pay back over X years, or upon Y liquidity event)?
Its convertible debt, meaning that whenever the startup raises the A series funding, at how much ever valuation, SV angel gets 150k worth percentage stock in the startup.
e.g. If the A series funding was taken at $1.5 Million valuation, the SV share in the company would be 10%. No valuation ceiling, no discount. Lower the A series valuation, better off SV angel are.
It means your plan IS to give some of your company away for money. Instead of holding 100%, getting ramen-profitable, working your butt off to make it.
Actually, even that isn't true. If a company were to take this money, and then never raise another round, they would simply have to pay the debt back, I'm guessing at a fairly modest interest rate.
I personally like all the writers at TC having worked with most of them in the past. They never broke an embargo and we're quick to response to any requests i had. The same can't be said for #%@&*& (name redacted to protect the guilty).
You just have to be clever and give each blog a different angle to cover. You also have to approach different blogs every now and then rather hitting up the same source each time.
Just because you're insured up 100k doesn't mean the 100k will be worth that much when you get it. Printing money and giving it to people doesn't fix the problem. color me cynical
Seems like a no brainer, unless i missed something.
I also really like this for some reason. It's very ... gangster. Shows that bing is scrappy and willing to bend the rules.
That being said, i will still continue using Google.