@jasonlk Interesting. They do consider it ARR and calculate it by multiplying last quarterโs payment processing rev (minus transaction costs) by four according to Perplexity.
Curious, is this how other vSaaS startups calculated it whoโve pitched you?
@alexisohanian@brian_armstrong@numeroai Love to see it! Curious how this is legal? It looks like the money is going to a company (Digital Democracy LLC) when it should be going to a PAC or candidate? There is no info on the contribution page about who it is โPaid for byโ which is an FEC requirement cc @jessepollak
@danprimack Itโs a start. An upgrade would be paying for a baby nurse, summer camps, or daycare like @sevensevensix did for my cofounders and me. We didnโt need classes we needed help and they provided it.
@blader@kaz@garrytan The Federal government already has. We did this in the Obama Administration. Itโs call the Presidential Innovation Fellows, US Digital Service, and 18f. Theyโve done incredible work across Obama, Trump, and Biden Administrations.
@danhightower Maybe Iโm wrong but do most start-ups need to do a 409a annually? Are you saying you can I upgrade to AL with 409a for the month I need to do it and downgrade the rest of the months?
@danhightower Is the value the 409a, not storage? Is AL the same price as Pulley when you add the 409a? Just trying to see what Iโm missing. Would be a great hack to save!
@alexisohanian@numeroai You guys are the only ones that put your money where your mouth is. 2% of a round for founder care (out of your mgmt fee?) is unheard of and some of the most value-add out there. Go team @sevensevensix cc @LeahFHodgson