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	<title>Comments for MeetKendall.com</title>
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	<link>http://meetkendall.com</link>
	<description>Meet Kendall</description>
	<lastBuildDate>Mon, 23 Apr 2012 20:25:41 +0000</lastBuildDate>
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		<title>Comment on Obama Missed This In His Studies of Lincoln by Tomato Cain</title>
		<link>http://meetkendall.com/2009/03/03/obama-missed-this-in-his-studies-of-lincoln/#comment-1062</link>
		<dc:creator><![CDATA[Tomato Cain]]></dc:creator>
		<pubDate>Mon, 23 Apr 2012 20:25:41 +0000</pubDate>
		<guid isPermaLink="false">http://meetkendall.com/?p=675#comment-1062</guid>
		<description><![CDATA[It was missed, not so much because the 10 &quot;You Can&#039;t&#039;s&quot; were not Lincoln&#039;s; it was missed because it didn&#039;t support his ideas of class warfare and divide and conquer as a campain strategy. None of Pres. Obama&#039;s policies of dividing wealth will multiply wealth. This has been tried before. Only the reward of motivation by individuals drives success. Collective motivation doesn&#039;t even create mediocrity. If the winners aren&#039;t allowed to win, and the whiners are accommodated instead, will that be a country that is fair?]]></description>
		<content:encoded><![CDATA[<p>It was missed, not so much because the 10 &#8220;You Can&#8217;t's&#8221; were not Lincoln&#8217;s; it was missed because it didn&#8217;t support his ideas of class warfare and divide and conquer as a campain strategy. None of Pres. Obama&#8217;s policies of dividing wealth will multiply wealth. This has been tried before. Only the reward of motivation by individuals drives success. Collective motivation doesn&#8217;t even create mediocrity. If the winners aren&#8217;t allowed to win, and the whiners are accommodated instead, will that be a country that is fair?</p>
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		<title>Comment on RIM Gets the Gist by teafe</title>
		<link>http://meetkendall.com/2011/02/14/rim-gets-the-gist/#comment-1061</link>
		<dc:creator><![CDATA[teafe]]></dc:creator>
		<pubDate>Wed, 01 Feb 2012 09:36:09 +0000</pubDate>
		<guid isPermaLink="false">http://meetkendall.com/?p=887#comment-1061</guid>
		<description><![CDATA[hi??]]></description>
		<content:encoded><![CDATA[<p>hi??</p>
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		<title>Comment on Equity Incentives for LLCs: Profits Interest by Dr Robin Alston</title>
		<link>http://meetkendall.com/2009/12/06/sharing-equity-in-an-llc-profits-interest/#comment-1060</link>
		<dc:creator><![CDATA[Dr Robin Alston]]></dc:creator>
		<pubDate>Thu, 26 Jan 2012 18:23:27 +0000</pubDate>
		<guid isPermaLink="false">http://cafeman.wordpress.com/?p=167#comment-1060</guid>
		<description><![CDATA[OK, another twist on this. I have profits interest only units in an LLC that were granted as Profits Interest Class A (I get to vote) with a unit price, I have the stock certs, they are no different to normal class A certs. No contractual terms or restrictions were issued other than an official letter stating they are profits interest and there exists an Operating Agreement for the LLC that makes no mention of profits interest at all - just Class A and B members.

No valuation was made at the time of the grant, more than 5 yrs ago now.

Can I multiply the number of issued units times their unit price at the time of the grant in the event of a profitable sale or is there a fundamental problem here?]]></description>
		<content:encoded><![CDATA[<p>OK, another twist on this. I have profits interest only units in an LLC that were granted as Profits Interest Class A (I get to vote) with a unit price, I have the stock certs, they are no different to normal class A certs. No contractual terms or restrictions were issued other than an official letter stating they are profits interest and there exists an Operating Agreement for the LLC that makes no mention of profits interest at all &#8211; just Class A and B members.</p>
<p>No valuation was made at the time of the grant, more than 5 yrs ago now.</p>
<p>Can I multiply the number of issued units times their unit price at the time of the grant in the event of a profitable sale or is there a fundamental problem here?</p>
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		<title>Comment on Equity Incentives for LLCs: Profits Interest by Brandon Tyree</title>
		<link>http://meetkendall.com/2009/12/06/sharing-equity-in-an-llc-profits-interest/#comment-1059</link>
		<dc:creator><![CDATA[Brandon Tyree]]></dc:creator>
		<pubDate>Wed, 25 Jan 2012 22:37:37 +0000</pubDate>
		<guid isPermaLink="false">http://cafeman.wordpress.com/?p=167#comment-1059</guid>
		<description><![CDATA[GR - we might be able to help you and, at the very least, give you some color about 409A. We are a valuation firm headquartered in New York that has worked with a wide variety of private technology companies, venture firms, and law firms around the country.  We offer a streamlined process, fast turnaround, and attractive pricing for early stage startups.  

www.preferredreturn.com

Drop me a line at your convenience and we can talk.

BT]]></description>
		<content:encoded><![CDATA[<p>GR &#8211; we might be able to help you and, at the very least, give you some color about 409A. We are a valuation firm headquartered in New York that has worked with a wide variety of private technology companies, venture firms, and law firms around the country.  We offer a streamlined process, fast turnaround, and attractive pricing for early stage startups.  </p>
<p><a href="http://www.preferredreturn.com" rel="nofollow">http://www.preferredreturn.com</a></p>
<p>Drop me a line at your convenience and we can talk.</p>
<p>BT</p>
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		<title>Comment on Equity Incentives for LLCs: Profits Interest by GR</title>
		<link>http://meetkendall.com/2009/12/06/sharing-equity-in-an-llc-profits-interest/#comment-1057</link>
		<dc:creator><![CDATA[GR]]></dc:creator>
		<pubDate>Fri, 06 Jan 2012 00:32:29 +0000</pubDate>
		<guid isPermaLink="false">http://cafeman.wordpress.com/?p=167#comment-1057</guid>
		<description><![CDATA[So this seems like what we need - it really does.  We are a few smart guys and have raised some F&amp;F money.  I&#039;m hitting a wall finding a reasonable 409A valuation company. Yikes!  I&#039;d pay more for the valuation than what I&#039;m wanting to reward the few employees we have.  Any suggestions?  We are a marketing software company in pre-release of the initial product.  There&#039;s 7 of us in all (5 members, 2 employees), we&#039;ve raised $200K at the 3 months we&#039;ve been at this, which as the units are distributed gives us a $2.5MM value.  We&#039;ve got 5 months before product-ship.  Is the IRS really going to ding us for not having a $40K 409A?]]></description>
		<content:encoded><![CDATA[<p>So this seems like what we need &#8211; it really does.  We are a few smart guys and have raised some F&amp;F money.  I&#8217;m hitting a wall finding a reasonable 409A valuation company. Yikes!  I&#8217;d pay more for the valuation than what I&#8217;m wanting to reward the few employees we have.  Any suggestions?  We are a marketing software company in pre-release of the initial product.  There&#8217;s 7 of us in all (5 members, 2 employees), we&#8217;ve raised $200K at the 3 months we&#8217;ve been at this, which as the units are distributed gives us a $2.5MM value.  We&#8217;ve got 5 months before product-ship.  Is the IRS really going to ding us for not having a $40K 409A?</p>
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		<title>Comment on Cheeseburgers: To Eat or Not to Eat by iztogihqb</title>
		<link>http://meetkendall.com/2007/09/09/cheeseburgers-to-eat-or-not-to-eat/#comment-1048</link>
		<dc:creator><![CDATA[iztogihqb]]></dc:creator>
		<pubDate>Fri, 02 Dec 2011 11:13:12 +0000</pubDate>
		<guid isPermaLink="false">http://meetkendall.com/2007/09/09/cheeseburgers-to-eat-or-not-to-eat/#comment-1048</guid>
		<description><![CDATA[tQh6K9  &lt;a href=&quot;http://ubsoqihabdmb.com/&quot; rel=&quot;nofollow&quot;&gt;ubsoqihabdmb&lt;/a&gt;]]></description>
		<content:encoded><![CDATA[<p>tQh6K9  <a href="http://ubsoqihabdmb.com/" rel="nofollow">ubsoqihabdmb</a></p>
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		<title>Comment on Cheeseburgers: To Eat or Not to Eat by Raynes</title>
		<link>http://meetkendall.com/2007/09/09/cheeseburgers-to-eat-or-not-to-eat/#comment-1046</link>
		<dc:creator><![CDATA[Raynes]]></dc:creator>
		<pubDate>Thu, 01 Dec 2011 13:42:23 +0000</pubDate>
		<guid isPermaLink="false">http://meetkendall.com/2007/09/09/cheeseburgers-to-eat-or-not-to-eat/#comment-1046</guid>
		<description><![CDATA[I never thought I would find such an everyday topic so ehntalrling!]]></description>
		<content:encoded><![CDATA[<p>I never thought I would find such an everyday topic so ehntalrling!</p>
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	<item>
		<title>Comment on Run Your Project Like a Startup and Win by Kendall</title>
		<link>http://meetkendall.com/2011/09/30/a-project-is-like-a-startup/#comment-1020</link>
		<dc:creator><![CDATA[Kendall]]></dc:creator>
		<pubDate>Tue, 04 Oct 2011 04:38:33 +0000</pubDate>
		<guid isPermaLink="false">http://meetkendall.com/?p=1021#comment-1020</guid>
		<description><![CDATA[The title could certainly be turned around.  However, most projects in larger enterprises aren&#039;t thought about as startups and lean startup concepts could significantly increase the likelihood of success for those projects.  Most startups know they are working on a project...]]></description>
		<content:encoded><![CDATA[<p>The title could certainly be turned around.  However, most projects in larger enterprises aren&#8217;t thought about as startups and lean startup concepts could significantly increase the likelihood of success for those projects.  Most startups know they are working on a project&#8230;</p>
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	<item>
		<title>Comment on Run Your Project Like a Startup and Win by PM Hut</title>
		<link>http://meetkendall.com/2011/09/30/a-project-is-like-a-startup/#comment-1019</link>
		<dc:creator><![CDATA[PM Hut]]></dc:creator>
		<pubDate>Sat, 01 Oct 2011 05:41:34 +0000</pubDate>
		<guid isPermaLink="false">http://meetkendall.com/?p=1021#comment-1019</guid>
		<description><![CDATA[Actually, I think the title of your post should be something like &quot;A startup is like a project&quot; and not the other way around, as every startup is a project in and for itself.]]></description>
		<content:encoded><![CDATA[<p>Actually, I think the title of your post should be something like &#8220;A startup is like a project&#8221; and not the other way around, as every startup is a project in and for itself.</p>
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		<title>Comment on Equity Incentives for LLCs: Profits Interest by victor</title>
		<link>http://meetkendall.com/2009/12/06/sharing-equity-in-an-llc-profits-interest/#comment-1018</link>
		<dc:creator><![CDATA[victor]]></dc:creator>
		<pubDate>Thu, 08 Sep 2011 15:15:08 +0000</pubDate>
		<guid isPermaLink="false">http://cafeman.wordpress.com/?p=167#comment-1018</guid>
		<description><![CDATA[I have what I have been told is profits interest in a holding LLC that was recently purchased in an all cash transaction.   The original structure was set up as part of a LBO private equity model years ago.  Im trying to determine the value of my equity stake.  All I have is information from our regulatory filings to piece it together until the acquisition is closed.  Does anyone know of a model that I can use to determine the pay out?]]></description>
		<content:encoded><![CDATA[<p>I have what I have been told is profits interest in a holding LLC that was recently purchased in an all cash transaction.   The original structure was set up as part of a LBO private equity model years ago.  Im trying to determine the value of my equity stake.  All I have is information from our regulatory filings to piece it together until the acquisition is closed.  Does anyone know of a model that I can use to determine the pay out?</p>
]]></content:encoded>
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