I am still stunned by founder dilution in capital intensive startups. DoorDash CEO Tony Xu owns only 4.4% of the business.pic.twitter.com/nVXXGZj8iK
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This is going to be the new normal for every business lmao.
Say hello to a long future of of 15 on 20 seed rounds for wildly capital intensive things, actual chairman control, and real board governance.
2020s going to pop. Cc @kylecyuan
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LOL, no. You can figure out a way to be profitable in your first 3 years and stop taking vulture capital.
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Who’s your favorite 7 year old public company that only took venture capital in years 1-3?
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AirBNB founders have 8x this share, about a third of the company.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Why do you think this is the case?
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Lot of massive industrial software market left that require 3-4 years of hard engineering and services work to get a dollar in clean scalable revenue out of. Would make a long bet that many of this vintages most successful strategies are either incubation, or pretty damn close
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