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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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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Every young family should have *significant* term life insurance on the primary bread winner. The key is for the insurance premium be paid for by the other spouse from an account owned solely by them (not the insured spouse).
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