Re: [AFMUG] Taking some off the table

2016-04-06 Thread Lewis Bergman
; Sent: Wednesday, April 06, 2016 3:46 PM > To: af@afmug.com > Subject: [AFMUG] Taking some off the table > > Hi, > > I'd love to hear some thoughts about when is a good time to take some > money off the table. I know this is a very diverse group and sometimes > t

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Paul Stewart
Hehe.. I want it back ;) -Original Message- From: Af [mailto:af-boun...@afmug.com] On Behalf Of Chuck McCown Sent: Wednesday, April 6, 2016 5:54 PM To: af@afmug.com Subject: Re: [AFMUG] Taking some off the table I want that second gig. Any openings? -Original Message- From

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Travis Johnson
o:af@afmug.com> *Sent:* Wednesday, April 06, 2016 4:35 PM *Subject:* Re: [AFMUG] Taking some off the table You're 27 months in and your $100K is now worth $1.5M? I would definitely take at least $100K out. Maybe take out $200K and invest half of it in a new startup.

Re: [AFMUG] Taking some off the table

2016-04-06 Thread CBB - Jay Fuller
Who pays you that 1.5 million? Some new investor coming in. Certainly not the company itself ? - Original Message - From: Ken Hohhof To: af@afmug.com Sent: Wednesday, April 06, 2016 4:35 PM Subject: Re: [AFMUG] Taking some off the table You're 27 months in and

Re: [AFMUG] Taking some off the table

2016-04-06 Thread CBB - Jay Fuller
al Message - From: Josh Luthman To: af@afmug.com Sent: Wednesday, April 06, 2016 3:49 PM Subject: Re: [AFMUG] Taking some off the table Aren't you taking draws out of it every month/year? Ride the growth up if it's getting bigger and bigger. Josh Luthman Office: 937-55

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Robert Andrews
It used to be that an investment triggered an IRS "Event" that set the value and gain of a stock. This "event" was taxable. That may have changed since I was heavily involved with startups. You were diluted on the last investment and your value probably did not increase due to that diluti

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Chuck McCown
I want that second gig. Any openings? -Original Message- From: Paul Stewart Sent: Wednesday, April 06, 2016 3:47 PM To: af@afmug.com Subject: Re: [AFMUG] Taking some off the table Yes but the requirements and the re-numeration wildly vary I have been a director for example with

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Paul Stewart
ect: Re: [AFMUG] Taking some off the table Directors fees. I like that. Is that a common practice? Chuck McCown wrote: > Do you get a seat on the board? Directors fees? > > -Original Message- From: Travis Johnson Sent: Wednesday, April > 06, 2016 2:46 PM To: af@afmug.com S

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Ken Hohhof
Subject: [AFMUG] Taking some off the table Hi, I'd love to hear some thoughts about when is a good time to take some money off the table. I know this is a very diverse group and sometimes the insight here is something you can't get anywhere else. LOL I invested in a startup company 27 mo

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Travis Johnson
Hi, This is a C corp business... no there are no taxes to be paid until we "cash out". We aren't taking any money out of the company at all right now. Travis On 4/6/2016 3:06 PM, Robert Andrews wrote: Take enough off the table so that the taxes are paid. Never know when you might end up h

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Travis Johnson
No... fast growth startup companies don't pay dividends at all. Every penny goes back into the company. Travis On 4/6/2016 2:49 PM, Josh Luthman wrote: Aren't you taking draws out of it every month/year? Ride the growth up if it's getting bigger and bigger. Josh Luthman Office: 937-552-23

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Jaime Solorza
A. Everybody should be > paying themselves some directors fees. > > -Original Message- From: Jay Weekley > Sent: Wednesday, April 06, 2016 3:04 PM > To: af@afmug.com > Subject: Re: [AFMUG] Taking some off the table > > Directors fees. I like that. Is that a common prac

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Jay Weekley
Directors fees. I like that. Is that a common practice? Chuck McCown wrote: Do you get a seat on the board? Directors fees? -Original Message- From: Travis Johnson Sent: Wednesday, April 06, 2016 2:46 PM To: af@afmug.com Subject: [AFMUG] Taking some off the table Hi, I'd lo

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Chuck McCown
Larger companies yes. And not subject to FICA. Everybody should be paying themselves some directors fees. -Original Message- From: Jay Weekley Sent: Wednesday, April 06, 2016 3:04 PM To: af@afmug.com Subject: Re: [AFMUG] Taking some off the table Directors fees. I like that. Is

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Robert Andrews
: Directors fees. I like that. Is that a common practice? Chuck McCown wrote: Do you get a seat on the board? Directors fees? -Original Message- From: Travis Johnson Sent: Wednesday, April 06, 2016 2:46 PM To: af@afmug.com Subject: [AFMUG] Taking some off the table Hi, I'd love to hear

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Bruce Robertson
? Chuck McCown wrote: Do you get a seat on the board? Directors fees? -Original Message- From: Travis Johnson Sent: Wednesday, April 06, 2016 2:46 PM To: af@afmug.com Subject: [AFMUG] Taking some off the table Hi, I'd love to hear some thoughts about when is a good time to take

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Robert Andrews
Take enough off the table so that the taxes are paid. Never know when you might end up holding the bag on one of those and getting that out of the way makes things easier to take if it goes TU for some reason. From personal experience... On 04/06/2016 01:46 PM, Travis Johnson wrote: Hi, I

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Chuck McCown
Do you get a seat on the board? Directors fees? -Original Message- From: Travis Johnson Sent: Wednesday, April 06, 2016 2:46 PM To: af@afmug.com Subject: [AFMUG] Taking some off the table Hi, I'd love to hear some thoughts about when is a good time to take some money of

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Chuck McCown
ssage- From: Travis Johnson Sent: Wednesday, April 06, 2016 2:46 PM To: af@afmug.com Subject: [AFMUG] Taking some off the table Hi, I'd love to hear some thoughts about when is a good time to take some money off the table. I know this is a very diverse group and sometimes the insig

Re: [AFMUG] Taking some off the table

2016-04-06 Thread Josh Luthman
Aren't you taking draws out of it every month/year? Ride the growth up if it's getting bigger and bigger. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Wed, Apr 6, 2016 at 4:46 PM, Travis Johnson wrote: > Hi, > > I'd love to hear some though

[AFMUG] Taking some off the table

2016-04-06 Thread Travis Johnson
Hi, I'd love to hear some thoughts about when is a good time to take some money off the table. I know this is a very diverse group and sometimes the insight here is something you can't get anywhere else. LOL I invested in a startup company 27 months ago. When I invested, the company was valu