AKA YC companies buying from each other.
Trade Dollars with other startups. Book it as revenue
21–30 of 175 posts
Re: Trade Dollars with other startups. Book it as revenue
#22I don’t see anything topping the internet today better than this. Perfect, no notes.
Re: Trade Dollars with other startups. Book it as revenue
#23This took me far too long to figure out that it was parody. I'm sure some VC has at least thought of building a SEC Violations as a Service platform. This is truly the dumbest timeline.
Re: Trade Dollars with other startups. Book it as revenue
#24Re: Trade Dollars with other startups. Book it as revenue
#25Reinventing tax litigation from first principles
Re: Trade Dollars with other startups. Book it as revenue
#26It’s down already. The fund exceeded its capacity.
Re: Trade Dollars with other startups. Book it as revenue
#27Services in kind is a pretty common business practice. You see this a lot at the SMB level especially outside of the US.
Small businesses are cash strapped. So you find someone who needs your services and you need their services. Instead of exchanging cash, you exchange invoices and do the work. You build them, say, a $5000 website, they perform, say, $5000 of landscaping.
At big boy levels this is often structured as “strategic partnership”.
The part that makes it not fraud is that both parties do actually do the work.
Re: Trade Dollars with other startups. Book it as revenue
#28(Pending) Crime-as-a-Service
Re: Trade Dollars with other startups. Book it as revenue
#29Anyone else getting "SSL_ERROR_NO_CYPHER_OVERLAP"
Re: Trade Dollars with other startups. Book it as revenue
#30SEC calls this round-tripping. ASC 606 requires commercial substance — if both parties just book offsetting transactions, auditors flag the net cash flow as zero