A lot has been written about Snapchat’s CEO Evan Spiegel’s decision to turn down a $3 billion offer from Facebook and then a $4 billion offer from Google to acquire their smartphone app. A lot has been said about the lack of business acumen on both sides. But, after Snapchat was recently hacked, it was Evan Spiegel’s interview on NBC Today that sealed it for me: Evan Spiegel is just another talented but arrogant, unaware-of-his-own-privilege guy.

Let’s briefly discuss the turning down of the $4 billion. The only reasonable business explanation of this action is that Evan Spiegel thinks that Snapchat will be bigger than that, perhaps even bigger than Facebook and Google. While this might seem to most as just stupid but harmless, I see it as a problem with Evan’s priorities. I would be hard-pressed to find someone who thought Snapchat was actually useful to the world. Popular, yes, and...

Recently, I had the fortune of having to draw up a few term sheets for my startup Jobsuitors. This was my first time doing anything of the kind, and I wanted to do it right. I had just read Paul Graham’s post on SAFE, and I was convinced that this was certainly the most appropriate financing instrument for us at the moment.

The term sheet templates, however, were written up in Microsoft Word, and distributed in the docx format. Apart from my own personal misgivings in using MS Office products, I also thought that the templates were difficult to edit in place and did not produce an all-together professional looking document. Given all this, and my penchant for using LaTeX for documents, prompted me to create LaTeX templates for everyone (including us!) to use for SAFEs. Compare the PDF output for this sample SAFE vs one from the docx.

Find the project on GitHub: https://github.com/sami...