So all common stock gets canceled? Including finding team?
What prevents founders/board of doing this many times over to prevent dilution?
204 karma · joined August 25, 2015
I honestly think that $10/month is more than worth it. I found that having copilot is cheaper than hiring a junior dev. I mostly use it for C++, python, and TypeScript and has been really satisfied with it.
(1) Autonomy in maritime is not to replace seafarers, the navigation crew is less than 30% of the crew. And crew is negligible OPEX compared to fuel etc. (2) Because the industry is the backbone of global trade, it moves much slower in adopting technology for the sake of technology. However, when there's a simple reliable system that can clear benefit, the adoption happens. So given that there's few[1] lanes in the ocean, you can easily go from one waypoint to the next. (3) Onboard a ship, there's no such thing as breaks. In most cases, you know about a collision or a grounding 12+ minutes in advance. The challenge is in getting the predictions right and abide by the rules of the road. Most advanced LIDAR have 1km range, which is too close, cameras don't see much neither[2].
[1]: there are quite few channels around ports to ease traffic that are one-way. [2]: the resolution is too low to see far out. When using zoom, the stabilization is a nightmare.
Many of the comments below touch on many key points: (1) most commercial ships have a crew between 8 to 20, (2) auto-pilot in ships exist since the GPS was invented, (3) when ship hits the fan, there's not much you can do.
(1) Autonomy in maritime is not to replace seafarers, the navigation crew is less than 30% of the crew. And crew is negligible OPEX compared to fuel etc. (2) Because the industry is the backbone of global trade, it moves much slower in adopting technology for the sake of technology. However, when there's a simple reliable system that can clear benefit, the adoption happens. So given that there's few[1] lanes in the ocean, you can easily go from one waypoint to the next. (3) Onboard a ship, there's no such thing as breaks. In most cases, you know about a collision or a grounding 12+ minutes in advance. The challenge is in getting the predictions right and abide by the rules of the road. Most advanced LIDAR have 1km range, which is too close, cameras don't see much neither[2].
[1]: there are quite few channels around ports to ease traffic that are one-way. [2]: the resolution is too low to see far out. When using zoom, the stabilization is a nightmare.
This is actually not true. If you have clients and your having enough money to pay yourselves a little bit, ride that wave. Focus on growing your business with more satisfied clients and building a brand. VC money can be useful if you see a small but very lucrative opening that will get you to get 10 to 100 folds more return and your clients cannot advance you money for that. If you’re lean enough and running a tight ship, building only features that have great value for the customers; have great channels to grow your customer base; and are financially sustainable; then why a VC?
And remember, the longer you run your company without external funding, the better the return is later for you and your friends, whether you decide to sell, IPO, or get VC. You will always own more of your company.
But if you’re close to bankruptcy, because of your burn rate , and you’re still growing, then maybe start raising money when you have 6 months or so worth of runway left.
PS: I do have some doubts about the 2 startups though. If you’re running 2 at the same time, then you’re not in any of them 100%... And that’s not in the best interest of your startups