Thank you very much. I am very glad to see this as #1 here.
There is a typo on Voicepaper's description in iTunes. It reads "Voicepaper is a test to speech voice reader..." instead of "Voicepaper is a text to speech voice reader".
This is very cool. I recently helped a couple of visually impaired people pick a movie through a stack of DVDs they had at home, using the http://www.bemyeyes.org app.
I didn't know how they watched the movies, so they explain me that some come with some sort of aid that describes de scenes. Some kind of story telling, along the audio. I was fascinated.
However, they complain that there is not a lot of content that has this aid. I'm glad Netflix is bringing their content to this audience.
I did the same. I am several versions behind due to the requests for increased permissions, but this gave me the impetus to finally purge a bunch of applications with updates wanting additional, seemingly unnecessary, permissions. Though it was slow, I liked Bandsintown until a recent update wanted to read my contacts.
Facebook is now wrapped by Tinfoil-Facebook and Twitter is now relegated to the browser.
The first entry explains the difference between Equity Funding(Give $x for y%) which you refer, and a Convertible Debt Note (can function just like a bank loan) which is what I reference. The second entry is specific to YC's Convertible Debt Note terms, but did not address my question.
This seems to be referring to torts related to breach of duty; when a company becomes insolvent, the fiduciary duties its directors owe to shareholders may transfer to creditors. In any case, these are suits in which a creditor alleges bad faith actions; a simple rule of thumb might be, if you go into business, nothing but insurance is likely to protect you from bogus tort claims.
It's something to be aware of, but not something that changes the fundamental nature of convertible note financing. Don't sign personal guarantees.
My question was more along the lines of, does anyone in the "real world" of startup financing ask for personal guarantees? Where is this actually happening?
