I've considered this model before. Redistribute some % of fund carry to founders who don't have good exits. The goal is similar to having founders take $$ off the table in later rounds: encourage risk-taking and swinging for the fences w/some safety net if things don't work out.https://twitter.com/zackkanter/status/1065436575738281985 …
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The mortality rate of funded founders is very close to zero but it is not actually zero. Although getting life insurance should be close to trivial I will bet that most people who are young and healthy don’t organize to actually do it.
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I have, regretfully, specific knowledge of one pass-the-hat situation for a young family in a very trying time for them, and I have precommitted to telling every founder I ever talk to that nothing in the business is more pressing than 10 year term life.
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What about a health insurance purchaser and pool? I don’t know much about health insurance for startups, but I assume it’s expensive and a huge pain (in the US anyway)
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Complicated topic, but broadly: is expensive, is a core part of comp for professional employees, funded companies going to need it for employees regardless, and taking founders of of company’s pool may decelerate their ability to hire. So might not be the first thing to try.
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