• May 28, 2019

  • Finally got a tracking number for Urthbox. If it arrives in a couple days, it will have taken 2 months to arrive after the order was placed.
  • The Solium check hasn’t arrived either. If it arrives tomorrow, it will have taken 2 weeks for a $20 delivery fee.
  • Cheerio is the npm package for using jquery in node. You can select DOM elements, act on them, etc. Also serves a functionality like beautiful soup.
  • Axios is the npm package for an http browser client, like solium. It enables webscraping.
  • The chase for the world’s largest tesla coil: http://lod.org/. Lightning on demand!
  • Pharm
  • Startup research.
  • Develop your business model.
  • Plan to grow, services provided, etc.
  • Build the beta website.
  • Develop your company model.
  • Create the LLC.
  • The contracts between cofounders of a startup are pretty well figured out at this point: https://fi.co/insight/how-to-create-the-perfect-cofounder-agreement-with-your-business-partner.
  • Vesting schedule. Founder’s equity. The person who had the original idea should increase by about 5%. If no other employees/investors have equity, this would mean 55/45.
  • Patent/Copyright/Trademark/Trade Secret. Usually one is necessary.
  • Get funding. NDAs are necessary here.
  • Market to customers. Expand.
  • LLC research.
  • Limited Liability Company. The owners won’t risk personal assets if it goes bankrupt or gets sued. Can’t intermix personal money.
  • To start an LLC, you file Articles of Organization and Operating Agreement with the Secretary of State (online) and pay a fee.
  • LLCs can choose to be taxed like a partnership (see LLP below, basically personal income tax for partners) or like a corporation.
  • Different from:
  • Sole proprietorship. The simplest. The owner is responsible for all debts. It is not a legal entity. Just register for license. Also allows you to mix personal funds with the business. Taxed with owner as regular income.
  • Partnership. Can be general partnership (like sole proprietorship but with an even split for profit/debt across multiple people) or limited liability partnership (called an LLP, and still taxed on the partners’ personal taxes). LLPs are common for architecture and law firms.
  • Corporation. The most common for larger companies. You have to have common stock, license, board of directors, etc. Very similar to LLC, just larger. The owners still have limited liability. The corp is basically another person in legal eyes. They’re taxed separately and make decisions separately. Corp vs Inc – it doesn’t matter, but once you declare, you have to be consistent in all your legal nomenclature after that. Most common type is C Corp.
  • Allie knows a decent amount about all of this.
  • Looked up some more domain names. These are available: focuseuticals, rxcenterpiece, keynoterx, plazapharm, rxcapitol, bazaarpharma, bazaarpharm, racketpharm, pharmracket, pharmaracket, rxracket, rxcrux, kernelpharm, pharmakernel, kernelrx, rxkernel.
  • I loooove racketpharm because it sounds like “rocket farm” and implies you’re getting something for ridiculously cheap, but has negative connotations because technically rackets are illegal business handlings so it might deter people.
  • kernelrx and bazaarpharma both sound pretty good too, and are self-descriptive.
  • Still a little hesitant due to the maturity of other established sites.