About this site

Notes from a New York community of founders, operators and engineers, written up so they outlast the evening they were discussed in.

The material here comes from sessions, arguments and post-mortems rather than from a single company's experience. Where a claim is contested among people who have done the thing, that is said rather than smoothed into a confident rule.

How material is prepared

• Worked examples use illustrative numbers, not any real company's figures.
• Where practice varies by jurisdiction or stage, the limits are stated.
• Nothing here is investment, legal or tax advice.

Corrections

Instruments and market norms change. Where a page conflicts with current practice, current practice is right and the page needs updating.