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News: NYS Governor Kathy Hochul Announces Launch of $30 Million Pre-seed and Seed Matching Fund Program

Good news for startups building from within New York State! New York State Small Business Credit Initiative (SSBCI) and it's venture capital management arm, NY Ventures is providing support and capital of $30 million for it's Pre-seed and Seed Matching Fund Program to help early stage startups who are registered in New York. The program will offer early-stage businesses growth assistance starting from $50,000 and up to $250,000 for every matching dollar investment from a private sector investor (there must be at least $1 of private sector investment for every $1 NY Ventures invests). The program is also aiming to help businesses who are typically socially and economically disadvantaged and do not normally have access to this type of support.
Sarah Rothenberg
SARAH ROTHENBERG , STARTUP EDUCATION , GUST INC.
13 Jan 2023

Why You Shouldn’t Be Afraid of Using Machine Learning for Your Startup

So, you’ve got a great idea for a startup. But there’s just one catch; Your startup requires machine learning (ML), and to you, that feels a bit, well, overwhelming. We’ve got some great news for you! ML doesn’t have to be either complicated or time-consuming. In fact, there are a number of ML SaaS platforms on the market today that are intentionally designed to do the heavy lifting for you.
Oscar Beijbom
OSCAR BEIJBOM , CO-FOUNDER AND CTO , NYCKEL
6 Jan 2023

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
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