Venkatesh Rao@vgr·Dec 29, 2015"You divide the cake, I'll pick my half first" is the wheel of justice mechanisms.125
zem@zem42·Dec 30, 2015Replying to @vgr@vgr martin gardner wrote about it in one of his columns. the idea is pretty simple (once someone thought of it)11
Venkatesh Rao@vgrReplying to @zem42@zem42 I've been collecting more complex n=2 examples like "you decide the valuation, I'll decide the term sheet"1:40 AM · Dec 30, 2015
zem@zem42·Dec 30, 2015Replying to @vgr@vgr doesn't that run into the problem of not valuing the right to decide the valuation and termsheet equally?1
Venkatesh Rao@vgr·Dec 30, 2015Replying to @zem42@zem42 point is you can design term sheet (liquidation prefs etc) to get the effective valuation you want...1