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Awesome writeup. Thanks so much for doing it.

There's an error in the third paragraph of the equity financing section. The last sentences trails off without ending.

I also have two suggestions for things to add. 1. Are there similar tax issues to watch out for as a founder who owns a large percentage of common stock from the beginning of the company. 2. I think it would be helpful in the convertible note section to have an example of how debt converts to stock like you have an example of how debt converts to cash in a sale.

Thanks again!




Very helpful feedback; I'll try to take this into account in the next version of the document!




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