systemaccount's comments

systemaccount | 4 years ago | on: Ask HN: What is your current side-project?

I’ve been motivated many times in my life to change my diet to improve my physical and financial wellness. I’ve always found making these changes to be difficult and time consuming. I started building https://freshbatch.io to make it easier for myself and others who feel my pain. We’re opening it up slowly to private beta users this month if you’re interested in seeing more.

systemaccount | 5 years ago | on: Ask HN: What are you working on?

I'm building a collaborative meal planning site for personalized nutrition. If you've ever tried to improve your wellness or fitness through nutrition, you likely found yourself preparing more meals yourself. It takes too much time to pull together recipes into a well balanced, tasty meal plan that helps you achieve your goals. Fresh Batch will fix this.

https://freshbatch.io/

systemaccount | 5 years ago | on: Ask HN: Show me your half baked project

We're building a collaborative meal planning site for personalized nutrition. If you've ever tried to improve your wellness or fitness through nutrition, you likely found yourself preparing more meals yourself. We think it takes too much time to pull together recipes into a well balanced, tasty meal plan that helps you achieve your goals. We intend to fix this at Fresh Batch.

Two of my buddies and I have been hacking a solution together as our 5 - 8 through the pandemic. We're pushing hard to open up beta soon. You can request private beta access on the home page. Feedback much appreciated!

https://freshbatch.io/

systemaccount | 6 years ago | on: Ask HN: Paper capital contributions as YC SAFE that converts to common stock?

This is extremely helpful. Thank you for your insight.

systemaccount | 6 years ago | on: Ask HN: Paper capital contributions as YC SAFE that converts to common stock?

Regarding the part that's unclear - my understanding is that investors prefer founders own common over preferred stock which is why I proposed our founder SAFEs convert to common while all others to preferred. From your experience it sounds like all SAFEs, including the founders, will convert to preferred.

Thanks for clarifying that ESOP is common stock. In the SAFE guide its unclear where this belongs. I admit I still owe the concept of options more time to digest.

systemaccount | 6 years ago | on: Ask HN: Paper capital contributions as YC SAFE that converts to common stock?

Incorporated last month and want to make the first deposit ASAP. We plan to transfer 1K a month from our personal savings for the next year (or until its no longer needed) to cover basic operating expenses, like hosting. We both still have day jobs.

systemaccount | 6 years ago | on: Ask HN: Paper capital contributions as YC SAFE that converts to common stock?

Great feedback. We were leaning equity over debt because many articles claim investors dont like seeing debt on the books. Had you considered a contingency plan if you couldn't pay yourself back or had to reduce debt? For example: call it a bad loan and each founder would write it off.