Matches for ninjashogun, 1788 total results Sorted by newest | relevance
Tue Mar 18 00:34:43 UTC 2014 <asciilifeform> ninjashogun: traditionally, one first secures capital and only then gets on the hook for business obligations (employees, factory floor, etc.)
Tue Mar 18 00:34:35 UTC 2014 <ninjashogun> asciilifeform, I had to make an unbelievable amount of progress to get offered a seed round on a hardware project that has not yet been completed and has no traction.
Tue Mar 18 00:34:12 UTC 2014 <ninjashogun> asciilifeform, oh, you liken my arrangement here to a mexican factory? Well the problem with that is that this is where the development was being done, not production. We ahve a manufacturing partner lined up actually, production will be in China.
Tue Mar 18 00:33:11 UTC 2014 <ninjashogun> asciilifeform, sorry - I don't get your analogy?
Tue Mar 18 00:32:56 UTC 2014 <ninjashogun> I was extended this loan (basically) we did up paperwork for it and then I've been trying to collect it for over 5 weeks without luck. I can't get back in contact wiht the person (after exchanging many forms of contact). so so much after how easy it is to get a loan.
Tue Mar 18 00:32:29 UTC 2014 <asciilifeform> ninjashogun: so you built the mexican factory prior to, rather than after, securing funding. this is not a fatal mistake
Tue Mar 18 00:32:23 UTC 2014 <ninjashogun> sorry, I meant to write: without pay for my startup (and now startups) - as I started working on the jobs site one after spending more than a month trying to collect the loan I closed
Tue Mar 18 00:32:01 UTC 2014 <ninjashogun> asciilifeform, I have no proof of income due to the fact that I have been working without pay for my startups (startup at the moment)
Tue Mar 18 00:31:41 UTC 2014 <ninjashogun> mircea_popescu, yes, rent in a very small room in a very large shared apartment, is $111 (after some clever negotiation from me based on how infrequently the room could be rented out due to its size). This includes all eelectricity bills, the Internet (that I'm using now) hot water, gas, utilities.
Tue Mar 18 00:31:28 UTC 2014 <asciilifeform> ninjashogun: around here, you only need collateral in the usual sense for a cash loan, but not for 'revolving credit'
Tue Mar 18 00:30:36 UTC 2014 <ninjashogun> asciilifeform, given my high-risk profile what APR would you (personally) extend me on between $7K-$22.5K (amount I take depends on APR) with no collateral except a registered Delaware C-Corp I'm currently full owner of (100%) going to 90% after an investment clears that I've committed to - the company has intellectual property including a patent that is pending and trademark that has been assigned, as well the equipment I
Tue Mar 18 00:30:36 UTC 2014 <ninjashogun> would spend most of the money on can also become collateral.
Tue Mar 18 00:29:28 UTC 2014 <asciilifeform> ninjashogun: take one of your loyal men and order him to do it, then
Tue Mar 18 00:28:44 UTC 2014 <ninjashogun> More to the point, at this point taking the employment you talk of would entail abandoning my team here, all of my work and living arrangements (about $150/month burn rate), as well as somehow moving to an expensive city and working full time there. My startup would cease to exist.
Tue Mar 18 00:27:59 UTC 2014 <ninjashogun> I don't have the time to take employment, even temporarily. Two months ago I was invited to give a demo with the working prototype as part of closing a $150K investment. I need to finish it.
Tue Mar 18 00:27:15 UTC 2014 <asciilifeform> ninjashogun: if you take some employment (even temporarily) bank will lend you $.
Tue Mar 18 00:27:13 UTC 2014 <ninjashogun> asciilifeform, because banks don't consider incorporated companies with assigned intellectual property to be meaningful collateral?
Tue Mar 18 00:26:43 UTC 2014 <ninjashogun> asciilifeform, because I've been working on my startup for no salary?
Tue Mar 18 00:26:32 UTC 2014 <ninjashogun> asciilifeform, because I don't have assets?
Tue Mar 18 00:26:23 UTC 2014 <asciilifeform> ninjashogun: then why not go to a bank?