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Delaware Franchise Tax Explained

Any company incorporated in the State of Delaware, regardless of ownership, must file every year by March 1st, or receive an automatic penalty. Learn more about the Delaware Franchise Tax.
Crystal Stranger
CRYSTAL STRANGER , EA, INTERNATIONAL TAX DIRECTOR , CLEER TAX & BOOKKEEPING
15 Dec 2022

The Mechanics of Converting Convertible Notes

Convertible notes are a great tool for venture financing. They are primarily used for early-stage financings, but they are also a good solution for a bridge round when a company isn’t quite ready for the next equity financing round. The actual mechanics of converting convertible notes (in other words – calculating conversion shares) is not a simple task and requires great care.
Kevin Vela
KEVIN VELA , Managing Partner , Vela Wood
6 Dec 2022

Gust Educational Resources for Founders and Startups

Throughout the years of developing Gust.com and Gust Launch, we recognized a common pain point in the startup journey. Founders, the passionate entrepreneurs pouring all of their efforts into building their ventures, had questions about how to properly set up their startups. They ask those early questions: What should we be doing? How do we set it up? How do we take this idea and turn it into a unicorn? Which then leads to more specific startup questions: How do we issue shares? How do we fundraise? How do we build out our team?
Robert Lee
ROBERT LEE , CLIENT SERVICES , GUST INC.
22 Nov 2022

Build a MVP and Validate Your Plan with Customers

By this point, the word “lean” has been so used so frequently and in so many contexts that you could be forgiven for thinking that it was completely meaningless. But it’s actually quite the opposite. The reason the term—and the thinking that it represents—has swept the startup world is because it makes fundamental sense. Originally developed by Steve Blank and brought to popular attention by Eric Ries in his bestselling book and subsequent series, the core philosophy boils down to a loop that cycles through three steps: Build. Measure. Learn.
David S. Rose
DAVID S. ROSE , FOUNDER AND CEO , GUST INC.
17 Nov 2022

Test Your Business Model Against These 10 Elements

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. There are no “overrides” – for example, businesses don’t thrive just because they offer the latest technology, or because everyone wants to be “green,” or because their goal is to reduce world hunger. I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model.
Martin Zwilling
Martin Zwilling , Founder and CEO , Startup Professionals
8 Nov 2022
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