Viewing profile — ganeumann

That may be true in many companies, but venture capital funded companies almost always have something called a "Voting Agreement". I pulled a random one from my folder of docs, it …

While this is theoretically true, I think you would be hard-pressed to find an example of someone suing and winning.

That is how it works. The board has the power to fire the CEO in all companies that I know of. (I suppose you might be able to write the bylaws so this isn't true but I'm not sure;…

Very few things in a VC-backed startup require a shareholder vote. Firing the CEO is not one of them (this is a board vote.) Electing directors to the board is not one of them (thi…

Good list. Nit: Crossing to Safety is Wallace Stegner

Responding solely to the 'moat' question: think railroad price wars in the late 1800s in the US. Industries with capital expenses relatively large compared to contribution margin t…

I'll skip the humility. I'm smart. Always have been. My parents realized it early on and praised me for it. I pretty much slept through high school because after a couple of minute…

It's often an issue in up-rounds as well. Sometimes firms can't follow-on from a different fund even if they're following, up-round or down-round. That's why funds usually reserve …

Not proof that this happens every time, but some evidence from the 1980s: http://reactionwheel.net/2015/01/80s-vc.html

Sure, but tackling a problem in a way that your competition can't respond well to is called a strategy. I mean, you can define disruption any way you want, but keep in mind that th…

OP. Meh, every single startup I've seen in the past 25 years has claimed that they are tackling their problem differently than their competitors in some way. If this is what disrup…

Re the options, the S-1 says: "As of March 31, 2016, we had outstanding options to purchase an aggregate of 16,704,752 shares of our Class B common stock, with a weighted-average e…

It matters mainly because we have come to the point where you need to be very rich to pursue justice. If Gawker wronged you, as a hundredaire, you're just SOL. I think much of the …

It's not obscure. It's pretty well understood by financial markets players, including VCs. I think it's probably not well known by startup employees because it's an issue they've a…

Information rights typically don't get you more than quarterly reports

Monthly marks are pretty meaningless, especially as the companies being marked probably don't provide new information to Fidelity monthly.