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Poll: Did you start company in 2011?

news.ycombinator.com

11–20 of 84 posts

Re: Poll: Did you start company in 2011?

#12
post #9

Yes, we founded Lanyrd Inc in January when we joined the YC Winter 2011 class. YC strongly advise you to use their default company structure as it's much easier to raise investment if investors know you've been correctly set up.

What is the default company structure? Any place were I can read more about it?

Re: Poll: Did you start company in 2011?

#14
Not a company, but I have been doing freelance work on my spare time since college. I graduated 2005. 2011 is a special year for me. I got 3 more regular clients and made more in a couple of months than what I would normally get in one year with my dayjob. Regular cleints keep sending me work. Eats a lot of time but totally worth it since I (w/ wife) have plans to move to New Zealand.

Re: Poll: Did you start company in 2011?

#16
Yes! About a year after finishing school, I started an LLC to sell an electronics kit [1] that I was working on and also as an entity to receive income from an Android app's advertisements. It's been great; I'm not quite in the black yet but I'm already experiencing some growing pains for hand-assembling these power supplies, and android ads pay my cell phone bill plus a little extra.

It's kind of neat to be able to say "yes, I build these things from scratch, based on my own knowledge and research, due to risk from my own pocketbook, while working full time."

Also, I've met some very cool people (whose work I had only previously admired from afar!) because I had questions about a library they wrote or was improving a design of theirs, not to mention starting to form a set of people who I can email for advice (from how to make PCBs to the best tape to order from ULine.)

Highly recommended!

[1] http://news.ycombinator.com/item?id=3054861

Re: Poll: Did you start company in 2011?

#17
Yep, back in January. I wanted to do design work professionally so I set up a simple LLC. Real motivation was to test my own skills and see if I was able to run a successful business. Went full-time in October. Despite all the negative connotations around starting a business these days, I can't say I have too many complaints.

Side note: Congrats to all HN members who started a company and kept it going this year. It's a lot of work, but fun as hell.

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