Some minor wordsmithing that reflects lawyer and investor /founder preferences happens a fair amount.
The veto on company sales breaks founder friendly occasionally (you need a decent amount of leverage). Some examples:
1. It doesn’t exist
2. It only applies to sales that return less than X multiple of investor’s capital invested
3. It only applies to sales where the founders are getting retention packages (from acquirer) that substantially exceed their recent compensation
The veto on financings is present almost always. A founder would need rare leverage to get rid of it.
On both of these vetoes though there are additional constraints on abusive usage by investors — reputation being the most obvious one.
It's a helpful thing to put in place if you have more than one founder. It makes it clear to everyone ahead of time what happens if one of the founders leaves.
Going by Nylas' blog post last month, they say new development of the Nylas mail client is sunset, and the team was reallocated to the API product, which is doing better commercially? https://www.nylas.com/blog/sunsetting-nylas-mail-development
Percy (https://percy.io) | San Francisco ONSITE | Full stack engineer
Percy's hiring the 2nd engineer to join the team -- work directly with the founders, have a large impact, and help set the culture from the start.
Percy's on a mission to eliminate manual QA review of web applications. We do this by integrating with test suites and component viewers, capturing snapshots, sending them to our browser rendering farm, and then automating the visual review process when the UI has changed.
Our customers include Google, Mozilla, Ubuntu, the New York Times, Basecamp, and Stitch Fix. We're growing strongly each month, as more engineering teams learn about Percy and adopt it to manage their own visual UI reviews.
If you have at least a couple of years working in a web stack, feel welcome to apply. You can find our job on Angellist, or email me directly tim@percy.io
Glad to see you guys are continuing moving along with Percy. Really helped me out when I implemented it at a previous gig a little after Percy launched.
GitHub Apps (was called Integrations until today) allows for 'per repository' configuration. We use it at Percy.io and it works pretty well. It has some other parts that need smoothing (like a non-admin going through the flow), but GitHub's been improving it. :) I like it a lot.
You're allowed to say no to your investors. In this case it sounds like you probably should.
$100k isn't giving you much runway in SV. You won't be able to hire anyone, and would soon be out of cash and have to leave (you'll save a portion of your cash for that right?).
If there's something you really want to move to SV for, come for 2 months, stay in an airbnb, and do what you need to do. If you need to and can, raise more money (investors or revenue) if you're set on moving here.
As I understand it, reposts are fine as long as a reasonable amount of time passes between submissions. I swear I've seen a few stories that get submitted almost every year, although I can't remember any off the top of my head.
That's "past" button lets you quickly search for previous discussions.
That makes this even more shocking. But, after seeing Microsoft's recent stance on privacy in general with things like Windows 10, maybe this is just par for the course.
