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10 Myths about Japan1. “Japanese trains are always on time.”The statistics you see on extremely punctual trains are usually in reference to the high-speed bullet train — the Shinkansen. It’s almost always on time. But bullet trains only make up a small fraction of trains in Japan. Tickets are expensive and they’re often very long distance, so incentives to be on time are greater. The rest of the train system in Japan, particularly in Tokyo, has a serious congestion problem.In fact, Japanese trains are late all the time…The government finally started tracking these numbers and found that trains in Tokyo on the Chuo-Sobu Line were late an average of 19.1 days a month in 2017 — so most days. Half of these trains were late under ten minutes and the other half 10 minutes – 30 minutes or more. Delays were often due to suicides (they have to clean up the body…)2. “Japan has a low crime rate”Japan has practically zero gun homicides and very low homicide rates in general. Sure there’s the deranged lunatic serial killer that lures young girls via Twitter, but it’s pretty rare. But ask any Japanese women if she’s been molested on a train. I dare you. I am willing to bet you that more than half of them will say yes. And the ones that haven’t will tell you about their friends who were. The #Metoo movement has been slow to pick up in Japan and tosatsu along with the train-perverts (chikan) remain big issues. Many of these sexual crimes go unreported. In other words, Japan is safe — but it’s a lot safer for men than it is for women.3. “Japanese people are depressed”Coming of age day (成人の日）Yes, the suicide rate is high — but it doesn’t mean that the average Japanese person isn’t happy. It just means that on the extremes, for various reasons, we see more suicides. In a 2016 study researchers found a small statistical significance between a certain gene polymorphism common to Japanese people that correlated high stress work environments and the fear of losing jobs with greater risk of depression. A small correlation. But feeling trapped, a crappy boss and a host of societal pressures are enough to send anyone into at least a mild state of depression. It’s not unique to Japanese people. It’s just that maybe there are more crappy jobs in Japan.4. “Japanese food is great”I do love me some unagi, maki negitoro, corn pizza, melon pan and hello kitty tonkatsu. Also the restaurant Ryo in Odawara is amazing (I recommend dinner over lunch). But a look at the top Michelin star restaurants in Japan for 2018 reveals that they are…mostly not serving Japanese food. More than half of them are French and Italian and Chinese cuisine. In other words, some of the best food in Japan is not Japanese! It ain’t all about the fish eggs and pork ramen my friends. One of the best burgers I’ve had was in Ebisu @ Gotham Grill.5. “Japan is clean”People are taught to recycle from a young age. In fact, you have to recycle your trash…it’s mandatory or else your landlord will disown you. Public trashcans were removed from cities after the sarin attacks in Tokyo in the 90’s as a safety precaution, and people have learned to take their trash home with them. Sure, the streets are clean, but is all of this recycling doing any good? Of course it is, but that doesn’t mean there still isn’t an incredible amount of waste.Environmental awareness is pretty low. Japanese people waste 6.2 million TONS of perfectly edible food each year — and that’s a conservative estimate. That’s enough food to feed everyone in Haiti and Honduras for an entire year. Japan’s standards for freshness are some of the highest in the world, so produce is often thrown away after one day on the shelves. Prime Minister Abe also declined to sign an agreement to reduce plastic waste in oceans. They’re the only G7 country, apart from the US, that refused to do so (surprise, surprise). Things aren’t getting any better.6. “Japanese hospitality is great.”You can’t get into 50% of the hot springs (onsen) in Japan if you have a tattoo. You can’t get into many others if you’re a foreigner…You can’t modify a food or drink order at a restaurants. The menu is set…ALWAYS… It’s impossible. Muri. They won’t let you warm up a cold salad if it’s supposed to be served cold. “Food safety hazard.” Check in times, check out times and meal times follow a rigid schedules at ryokan. I’m not saying there isn’t merit to this approach. But in the West customer service would be defined as “flexibility to have what the customer wants.” In Japan it’s “we decide what customer service means and push that idea onto customers with zero room for flexibility.”7. “Japanese students study hard”Japanese college entrance exams are notoriously difficult. There are “jukus” (cram schools) that prep high school students on university entrance exams. But once you get into college, it’s a breeze. No — it’s a joke. It’s well known among Japanese people that university is your time to have fun. It’s easy to skip most of your classes and graduate.Lots of companies actually recruit university students their first or second years of university! They pick students at “top universities” knowing very well that they’re going to graduate anyways (since college is for fun), so they race to hand out offer letters, regardless of the students academic results for most of their university years (this is exacerbated by the current labor shortage).8. “Japanese people are tech savvy”It depends on what you mean by tech savvy. This is Tsutaya.It’s the Japanese equivalent of Blockbuster where you can rent and buy DVDs and CD’s. Surprisingly, it’s still extremely popular in Japan, and there are over one THOUSAND locations around the country. Netflix and streaming services penetration is low.In Japan, cash is king. Thousands of restaurants and shops across the country don’t accept credit cards, so you better bring your yen. And here’s one more: Go to any large electronics store like Bic Camera and you’ll find glistening TVs and VR sets…alongside brand new models of Fax Machines and Calculators! In fact, most companies in Japan still use fax machines. The industry is prime for disruption…Granted, this is all changing (the number of Tsutaya’s are slowly decreasing etc), but Japan is a far cry from the technological utopia that many people imagine.9. “Japan is dangerous”Earthquakes, tsunamis, radiation, Godzilla…Japan has had 3 big earthquakes in the past 100 years. There also frequent small earthquakes. I was in a movie the other day and felt a small tremor. Nobody looked surprised and we went back to watching the movie. We’re all so used to it. But anyone that decides not to come to Japan because of earthquakes or natural disasters should rethink the basis of these fears.That said, infrastructure, earthquake-proof buildings and evacuation procedures have improved drastically over the past two decades. Buildings sway, they don’t fall.Remember, Japan is a developed country. During the triple disaster earthquake/tsunami/nuclear meltdown in 3/11, roughly 18,000 people died and 2,000 are still missing. It was tragic, but considering the magnitude and aftermath of events, the death tolls were lower than what they would have been if it had occurred in a developing country like Indonesia or Sri Lanka…or Haiti where 200,000 people died in a similar size quake. Keep in mind that Fukushima was one of the largest earthquakes in the past 100 years, in the entire world. One person died from radiation.In the same year, 30,000 people died from firearm deaths in the US (compared to 1,000 total homicides in Japan…) And 37,000 people died from car accidents in the US…compared to 4,000 in Japan. Even accounting for population differences, these statistics in Japan are low (or the US are just high). My point is that you can compare any number you want and chose what to fear. Japan has its natural disasters. But big ones are rare, the entire country is a lot safer in almost every other way, and people are prepared for natural disasters.10. “Japan is expensive”All you can drink menus are found in most restaurants and give you a huge bang for your buck.Compared to other mega cities, Japanese real estate prices are lower than London, Paris, New York, LA and San Fran. From a tourists perspective, Japan has an image of being far and exotic, which probably adds to this image.Another reason is, well, because it can be more expensive, if you don’t speak Japanese. A Mckinsey report found that most Western tourists didn’t see Japan as “affordable,” and also uncovered an interesting finding: The average price of Japanese hotels on global booking sites Booking . com or Expedia were 37 percent higher than those available on a Japanese booking site Jalan. So, there’s some arbitrage going on there and prices can be higher. One solution: get a Japanese tour guide or friend to help you book (make a Japanese friend!) Hopefully, as awareness increases and more options open up for foreigners, perceptions of Japan will change.Another one. The flights to Japan are cheap as the government is trying to attract tourists and subsidize many flights, especially through Nagoya — $760 round trip from San Francisco. Obviously if you go through a travel agency things might be a bit pricey. But when you actually get here, make a Japanese friend or two, things can pretty affordable, both as a tourist and as a resident!Follow me on Quora to get more insights about Japan!

I'll go ahead and answer the question - but only for info. This is off the top of my head and based on the classic way of doing things. I might be missing a few and services like Gust, AngeLlist Docs, Clerky, etc., promise to simplify some steps. The sequence can vary slightly.Company pitches you or you find companyIf interested, invite for longer meetingPreliminary due diligence, vetting, intake process, business development on both sidesInternal decision to make an offerDo analysis to decide on financial terms of offerWith help from lawyers / experts, decide on structural terms of offerAscertain informally that company is interested in receiving your offerIf there are multiple interested investors, get them all onboard. Decide who will take lead. Get commitments from them. Or decide to take the whole round.Lead investor offers term sheetTerm sheet may be wrapped inside a nonbinding letter of intent, or introductory paragraphs that establish a few binding terms: (a) how long the offer is open, (b) stand-still, no-shop, exclusivity, etc, (c) confidentiality of negotiations, (d) mutual obligation to proceed in good faith with steps towards closing.There is often some back and forth on the terms. This can be investor-to-CEO or lawyer-to-lawyer, or one big conference call. Best not cross the streams. Useful if you can decide who will be the good cop and bad cop ("I'd love to waive that term but my lawyer won't let me"), and who is the closer.Upon signing, the target company needs to lawyer up if it hasn't already, and you should have a tax expert ready too.Investors prepare formal due diligence request - financial, technical, contractual / legal, equity, etc. The company will need to show all of its contracts, records, corporate minutes.Often, the company isn't up to date on its paperwork or set up right, so it needs corporate clean-up. Probably 1/2 of all companies need non-trivial fixing at this point. Due diligence may uncover other matters (pending disputes, unacceptable promises to founders, lack of clarity on IP) that have to be remedied by companies, or accepted by investors.Company (or sometimes investor) prepares a set of definitive documents for investor review, based on the term sheet. For a priced equity round that may include a stock purchase agreement, shareholder agreement, voting agreement, buy/sell, and restated certificate of incorporation. And then there are subsidiary documents - new vesting terms for shareholders, board and shareholder approvals, secretary's and CEO's certificate attesting to accuracy of representations, appendixes with exceptions and notes from the company regarding the reps and warranties (which serve as a backstop for the due diligence). For a convertible note the definitive documents are a lot simpler, and the terms regarding conversion are usually left at the term sheet level.Considerable back and forth between lawyers for each side on the definitive documents... a good advertisement for using standard term sheets and document sets, and avoiding any unique deal terms.During this period the company typically agrees not to accept competing offers or take any actions inconsistent with closing the transaction. There is often a deadline, which can be extended - this depends on any binding terms in the MOU / term sheet.Company board and shareholders approve the transaction (they board should have already approved in principle and given CEO authority to negotiate, but in any case they need to approve the final transaction).Company lawyers will do any required "blue sky" or regulatory filings.If founder / employee agreements or vesting / stock terms have to be redone, or if there are prior investors whose terms are changing or whose approval is required, they get contacted by the company lawyers for approval.Company files amended articles with the secretary of state, to establish rights of new shareholders (in preferred equity financing).Closing day. Both sides sign counterparts of all of the various documents. It used to be in person with accordion files (see picture below), then faxes. Someday it will all be electronic signatures. Investor wires money. Normally, each side can trust the other to close the deal at this point, but if there are trust issues or many investors or people to be paid out of closing funds one of the lawyers can serve as an informal escrow agent, holding the funds and paperwork until everything is in order. Lawyers for both sides generally see to it that their fees and any transaction costs or offsets are taken directly out of investment proceeds.Post-closing. Company prints share certificates (do those even exist anymore?), prepares multiple copies of closing binder with all of the signed agreements (it used to be a heavy hard bound book, then CD ROM, perhaps moving online), somebody makes lucite deal trophies or something more creative. Everyone buys a bottle of champagne for their favorite lawyer.In some cases the investment is "tranched" in multiple steps or has post-closing milestones where the share numbers can change or additional funds are deposited.Now that you're a shareholder, you need a process for attending meetings, evaluating company performance, keeping track of your portfolio, and using your clout to help the company.Here's how it used to look, one folder for each investor. Normally a lot thicker than the paperwork shown.You're asking about step 10 and beyond. David S. Rose and Michael Pickles are cautioning you, don't skip step 6. From a business point of view, also don't skip steps 3, 5, and 25. Whether "we" means just you or you're part of an angel group, you need some discipline and process so as not to throw money at every shiny thing that moves, on hucksters, or at unrealistic valuations.

35 Totally Random Facts That You Should Probably Know…Just Because.The first man to urinate on the moon was Buzz Aldrin.Here's list of 35 strange, but interesting facts. Some of them sound too bizarre to be true but they are. By the time you are done reading them, you'll want to share these facts with others.Buzz Aldrin wasn't the first man on the moon, but he definitely was the first man to pee on moon.There’s an opera house on the US – Canada border where the stage is in one country and half the audience is in another.The Haskell Free Library and Opera House is located in middle of an international boarder. Both Standstad, Quebec and Derby Line, Vermont are home to this unique location.The Dutch village of Giethoorn doesn't have any roads.Its buildings are connected entirely by canals and footbridges. This unique village is a popular tourist attraction and is often referred to as the Venice of the Netherlands.Baskin Robins once made ketchup flavored ice cream.In their early years, the ice cream company experimented with a bunch of different flavors. The ketchup flavor was one of them, but they never went public with it.The largest snowflake ever recorded measured 15 inches across.The giant snowflake fell in Fort Keogh, Montana. It was 15 inches wide and 8 inches thick.In 2007, an American man named Corey Taylor tried to fake his own death in order to get out of his cell phone contract.According to the Washington Post, Corey Taylor was upset that he had to pay $175 to get out of his Verizon Wireless contract. He tried to fake his death to avoid paying the cancellation fee. Corey made a fake death certificate and had his friends fax it to Verizon. Unfortunately, his plan didn't work. Verizon caught on and he ended up paying the cancellation fee.Cats sleep for 70% of their lives.Cats are considered to be top sleepers amongst other animals. They spend more than two thirds of their life napping.It was once against the law to have a pet dog in Reykjavik, Iceland.In 1924, dogs were banned in Reykjavík as a preventative measure to combat a parasitic disease called hydatid or echinococcosis.Dolphins sleep with one eye open.Dolphins have the ability to rest half of their brain and keep the other half conscious and alert. This is a defense tactic they use, in order to protect themselves from danger.The electric chair was invented by a dentist.Dr. Alfred P. Southwick from Buffalo, New York, invented the electric chair. The first person to be executed by his invention was William Kemmler on August 6, 1890.A snail can sleep for three years.Not only do they move extremely slow, but they have the ability to sleep for three straight years.Walt Disney had musophobia, which is a fear of mice and rats.How ironic is it that he went on to make millions of dollars with Mickey Mouse?It was once against the law to slam a car door in Switzerland.Between 11pm and 6am, the law forbid people from making loud and disruptive noises. So you weren't allowed to come home late at night and slam your car door.Thomas Edison, the inventor of the light bulb, was afraid of the dark.One of histories greatest inventors was afraid of the dark, so he invented the light bulb. Genius!Butterflies taste with their feet.Butterflies taste sensors are located in their feet. They can taste their food by just standing on it.Ancient Egyptians slept on pillows made of stone.The lower class Egyptians slept on pillows made of stone. Imagine what would happen, if they decided to have a pillow fight?Back in the 1880's, the English considered "pants" a dirty word.Pants was a slang word for pantaloons. It was considered vulgar and inappropriate.There are no clocks in Las Vegas gambling casinos.In order to make more money, casinos want people to lose track of time. They also tint the windows so people can't tell whether it's day or night.The average American/Canadian drinks about 600 sodas a year.One soda has an average of 40 grams of sugar.The heart of a blue whale is so big a human can swim through the arteries.Blue whales measure over 100 feet and can weight more than 180 tons.The last time the Chicago Cubs won the World Series, the Ottoman Empire still existed.The Chicago Cubs last won the World Series in 1908. The Ottoman empire officially ended on November 1,1922.You can eat 200-year-old honey. It never spoils.Pots of honey found in ancient Egyptian tombs were preserved and still edible after thousands of years. The secret to its everlasting shelf lie is the seal. As long as it is sealed properly, honey will not spoil.Otters sleep holding hands.Sea otters hold hands while they sleep so that they don't drift away from one another. How cute!There are over 200 corpses on Mount Everest, they are used as way points for climbers.More than 200 people have died while attempting to climb Mount Everest. The corpses help climbers determine their location on the mountain.Donald Duck comics were banned from Finland.According to various sources, kids weren't allowed to read Donald Duck comics because the cartoon character didn't wear any pants.In 1386 , a pig was executed by public hanging in France.The pig killed a child, so officials publicly hanged it.Leonardo Da Vinci invented modern scissors.The ancient Egyptians invented the world's first scissor like tool. Da Vinci is given credit for inventing the modern version of the scissors.Earth is the only planet not named after a god.Mercury, Venus, Mars, Jupiter, Pluto, Saturn, Uranus and Neptune are all named after Roman gods. Earth is an English/German name which means ground.Every day 20 banks are robbed. The average take is $2,500.There are a lot of banks all across the world and there are also a lot of criminals out there.An ostrich’s eye is bigger than its brain.Ortrich's have eyes that are bigger than their brain. However, that doesn't make them stupid. Their eye sight is important for them to catch their prey.One car out of every 230 made was stolen last year.According to Master Life's Financial Journey, Honda Accord is #1 followed by Honda Civic.A lightning bolt generates temperatures six times hotter than the sun.A lightning bolt generates temperatures up to 54,000°F, which is six times hotter than the sun's surface.Forest fires move faster uphill than downhill.Forest fires move faster uphill than downhill because heat rises. The top of the flame would ignite the bottom of a tree that is an uphill location.Clinophobia is the fear of beds.People with clinophobia experience insomnia. Imagine being unable to sleep because you are scared of a bed. What an unpleasant phobia to have.One in every 4 Americans has appeared on television.I'm still waiting for my 15 seconds of fame.Source 35 Totally Random Facts That You Should Probably Know…Just Because.