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15 results for “founder liquidity”
Concept7 mentions across episodes
Liquidity
...liquidity for them? You're an investor now. We both know that actually we have long time horizons. We actually have LP bases if you're bluntly in the fortunate position to have great institutions in you where you can say, hey, this asset's taking lon
34:28 / 35:30
from transcript34:28 – 35:30
“Can founders take $100K+ off the table at Series A without revenue?”
...founders take money off the table on a really good series a even without any revenue but just having identified product market fit? Maybe $102,100,000?
34:28 / 34:45
tactical advice34:28 – 34:45
...great founder pulls forward a new product, hires the new data team, hires the new sales team because they can. There's definitely bad behavior attached to it. But there's bad behavior attached to using TikTok or Facebook. And still, as far as I check
45:00 / 46:00
from transcript45:00 – 46:00
...liquidity needs, but at the end of the day, my objective function is having the base of the endowment compound at attractive rates over extremely long periods of time. So he put, I think it was north of 40% of Yale endowment and alternatives.
19:23 / 20:33
from transcript19:23 – 20:33
“Why VCs should take 3x returns instead of waiting for 5x”
...a founder, but at the right time, if you have the opportunity to get liquidity, you should think less about, is this it could be a five x if I wait. It's only a three x now and just realize that your
2:20 / 2:54
tactical advice2:20 – 2:54
...liquidity. And it ends up being a win win. And I think that's a perfectly reasonable intermediate strategy for an environment where you there's so much liquidity.
23:59 / 25:02
from transcript23:59 – 25:02
roll over at maturity for a compounding yield. Plus, there are no minimum hold periods. You can access your cash at any time with the flexibility of a bank account, of course, to receive the full guaranteed yield, of course, to receive the full guara
48:00 / 48:41
from transcript48:00 – 48:41
...would like to get 50% dilution just to get the cash they need. We support that, and we provide the platform to run fast, get faster to product market fit, which means that you create a repeatable sales machine earlier. You get to higher valuation ear
42:29 / 43:51
from transcript42:29 – 43:51
...Founders too often think fundraising and large fundraisers is ultimate measure of success, you know, which I think is BS. Something that hasn't been spoken widely, even so Wise supposedly raised a shit ton of money.
32:55 / 34:03
from transcript32:55 – 34:03
...Founders would say, god, if you've got two prior fundraisers of cash, you're not optimizing for dilution. That's inefficient. I could not care less for a couple of reason. I would say I'm not being doing this money for money, first of all.
35:12 / 36:16
from transcript35:12 – 36:16
...the founder owns 95% and you own 5%, problematic. Every time you sit down, you go like, I'm working for this guy. De facto. If there is more alignment in terms of ownership, then I think it works better. Harry, if things are going like ballistically,
1:07:26 / 1:08:30
from transcript1:07:26 – 1:08:30
“Small teams making $10M annually might beat most VC-backed founders”
...backed founders, right, who are illiquid, who are stuck. And, whether whether they can or can't raise, but it's just tough and you have total flexibility and control. So then are there new capital str
7:32 / 8:02
contrarian take7:32 – 8:02
...founders don't see, which is, especially on structuring rounds, people will bring in people who are maybe not the best fit for the company, but they owe them for a deal that was done before, or they wanna curry favors with people. I see this a lot wh
1:14:10 / 1:15:31
from transcript1:14:10 – 1:15:31
...liquidity options on some of their best positions. Now the second is LPs, the people that invest in funds. Many LPs with strong fund positions
20:52 / 22:02
from transcript20:52 – 22:02
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