I’m convinced Silicon Valley VCs have a giant Slack workspace where they sit and gossip all day
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I’ve actually never been to Rosewood :(
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You must. I can’t recommend it enough.
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Unfortunately I have zero reason to be near sand hill for the foreseeable future. “Unfortunately” Will try it out sometime though
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take your wife for early dinner/appetizers in the patio/bar area for some of the best people watching in the Bay Area.
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Welcome to the Rosewood. Please valet your Tesla with care. 3x liquidation pref term sheet printouts are available next to the toilet paper rolls in the stalls should you need to fend off anyone in the washroom with an empty promise.
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Does the 3x pref come with taking $5m off the table and a devaluing of employee options?
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Employee options will be placed into escrow and released only if the entire fund returns 15x to LPs within the investment period. 30x if the fund has a strong recycling clause and has to reinvest it all.
End of conversation
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