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Ultimate Cheat Sheet By James Altucher Is Bad Advice

https://www.awarelabs.com/blog/ultimate-cheat-sheet-by-james-altucher-is-bad-advice/

by pkenjora • 13 years ago

2 1 13 years ago

AW

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OafTobark• 13 years ago

The main thing James get wrong in his advice is that it pertains to most businesses rather than hyper growth startups. In which case, his advice isn't wrong. The issue here is Paul and James are arguing semantics.

For a startup, yes, a Delaware C Corp is typical. For a small business, thats probably an LLC. Vesting is typically 4 years with a 1 year cliff in the startup world so again, thats not incorrect per say (I didn't see the quoting of the 1 year cliff).

In any event, everything realistically is a big fat "it depends" depending on the business. I'd say that James' advice pertains primarily to startups even though his 100 point list is still not perfect

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