Finally catching up on some podcasts. I absolutely loved @adamhjk takes on Venture.
I think Adam’s comment that we blame VC for company failures yet give a pass to the company leadership for its poor decisions. Highly recommend the listen!https://www.lastweekinaws.com/podcast/screaming-in-the-cloud/venture-capital-isnt-as-evil-as-twitter-thinks-with-adam-jacob/ …
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That would’ve been an interesting topic. Secondaries can be tricky to put together, especially broad ones. Often, bylaws require RofR at least, sometimes blanket veto. With new cash like that, they often want alignment with eventual outcomes, and holding stock is how.
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That’s one reason Founders often can do a secondary, while others can’t. It’s a smaller blast radius of incentives. It’s easier to coordinate. It’s often a fraction of their holdings (vs all or most of an employees holdings).
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...sounds familiar
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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