15/ so when u hear me bitch about ur high cap deal, understand WHY i'm bitching & think about end game if/when u don't sell 4 a billion $.
-
-
Replying to @davemcclure
16/ now i'll shut the fuck up abt getting screwed over on high cap deals, & politely tell u why we ask 4 that min 2X clause on early exits.
3 replies 9 retweets 26 likes -
Replying to @davemcclure
17/ in summary: i love u ALL, ur worth untold BILLIONS of dollars, and i REALLY REALLY want to get in your hot sexy deal. see u in Austin!
14 replies 16 retweets 64 likes -
Replying to @davemcclure
.
@davemcclure just worry about trying to make 10,000x sometimes, and let founders who work really hard for years w/small exit keep the money20 replies 86 retweets 302 likes -
Replying to @sama
love
@davemcclure but agree with@sama. Small exits noise for investors but big for founders who have to work for 3+yrs post acq to earn it1 reply 3 retweets 11 likes -
Replying to @jscournoyer
@jscournoyer so that makes it ok to fuck over your early investors? (actually I don't care much bcz large portfolio, but angels should)6 replies 0 retweets 4 likes -
Replying to @davemcclure
@davemcclure That's why investors, institutional or angels should make 10+ investments. Hard to build a successful portfolio out of singles1 reply 1 retweet 0 likes -
Replying to @jscournoyer
@jscournoyer agreed, but doesn't make it ok for founders to abandon their angels.1 reply 0 retweets 3 likes -
Replying to @davemcclure
@davemcclure angels have day jobs and write lots of checks while entrepreneurs are all in. They should get the bulk when not enough to share2 replies 1 retweet 2 likes -
Replying to @jscournoyer
.
@jscournoyer seriously disagree. investors shouldn't be dissed jus because they aren't founders. respect 4 both sides of table.3 replies 3 retweets 12 likes
@davemcclure @jscournoyer As a small angel I'm actually most concerned about the employees, particularly employees who vested + left.
-
-
Replying to @patio11
@davemcclure@jscournoyer My puny little $5k check buys me the same equity as employee #1 got in many cases. They sweat, cried, bled for it.2 replies 0 retweets 2 likes -
Replying to @patio11
@davemcclure@jscournoyer I have heard of some games where *current* employees got nice hiring packages, (vested!) ex-emps got *screwed*.1 reply 0 retweets 0 likes - 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.