I always advise startups that plan to get really big that they should have Ronco in the cap table. No one can help like he can with the sort of problems you hit when you're big. Just ask Google or Facebook or Airbnb.https://twitter.com/RonConway/status/1133392599027335168 …
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With Ronco, in exchange for a little bit of equity I get: 1. His imprimatur for subsequent funding 2. Big downside protection 3. Huge upside with sales dealflow Fail and act with integrity and you get a relationship (see odeo=>twitter). Succeed and make $90 MM instead of 100.
Sounds like a pretty good deal! Of course getting that investment isn't easy and there aren't a million hours in a day. In other words, you get more attention from him the more your company means financially to his portfolio.
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You don't get more attention based on how much stock he owns in your company. That's one of the most remarkable things about Ron. He could own a small sliver, and he'll still work his ass off for you.
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The correlation between his time invested and his financial investment is not 1. We have reputation incentives to invest time. Also, dollars invested is often wrong variable. Financial upside is a better one. $100 in Google is worth more than 10x that in another company.
End of conversation
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