Viewing profile — geoburke

I live in SF but moving away next month. I've got a pretty sweet 2016 428i xDrive Gran Coupe that I will need to part with. Instead of selling it, let's trade the car for equity or…

Can you link to the service? I haven’t seen it

Are you thinking $100 can’t support 60-90 minutes of a cook’s time and turn a profit?

San Francisco. US.

Would you pay $100 plus groceries for a gourmet meal cooked in your kitchen? $250 for a week of meal prep?

What’s the best way to creatively write with this? Auto-generate a couple sentences and then delete and replace?

I'm not a poker player, but today a friend analogized SIDE POTS; opt-in diversification with 3 more opportunities per hand. De-risks every player participating in the side pot.

Agreed. Avoid the need for Founderpool by avoiding becoming a founder =P

Misdirected blame to preserve ego does not excuse the fact that the founders are the ones with the biggest impact on their own success. Access to a network incentivized to provide …

Well said. This safety net is meant to help founders make better long term success decisions.

Why?

This is secondary market liquidity, yes? If so, there's unfortunately no demand till series C, and the board needs to allow secondary sales, which competes with the company's own a…

It's something we're looking into. Would be a great market But for clarity, it's generally understood the employees do not bear the same risk as the founders, who contributed month…

Here, walking away doesn't leave the entrepreneur wealthy, but we hope, covers some opportunity cost. A safety net. This can provide a source of strength in VC negotiations as well…

Interesting take. Makes sense if the timeframe for startup success (profitable exit) was as truncated as startup death. Startups either die, show signs of dying, or get acqui-hired…

Much of our research has been with founders at YC & 500 (cohorts who represent the Beyond Meats of the world). The majority we spoke to, including the breakout unicorns, stated the…

These are great points. Someone else addressed much of it but one thing to add is founders can actually sniff out each others' BS, sometimes better than career VCs. Seems to be com…

Not only that, Erik has done a good job cheerleading the concept of risk pooling for founders: https://twitter.com/eriktorenberg/status/1123331923466522624

We wondered the same. Can't speak for YC but we do understand that most funds would have trouble running this internally due to fiduciary conflicts of interest and management conce…

This comes out of the founder's vested shares -- not the company stock -- transferrable only if there's ever an exit event. It's arguably more desirable for investors, the board, a…

As the first pool forms we'll collect the members' desired requirements for vesting rules, and write those into the legal docs.

You could consider the other members of the pool as an extension of your advisory board. They are incentivized to share their resources, wisdom, network, strategy, and 1-1 help on …

While we go through a vetting process for all applicants, pools are ultimately formed through a peer-selection process based on ranking. The presence of top tier VC backers is one …