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Investors Cough Up $1.6 Million To Dine With Grubwithus

techcrunch.com

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Re: Investors Cough Up $1.6 Million To Dine With Grubwithus

#11

Post by swies »

acgourley wrote: post #10
swies wrote: post #8

Congrats! It's a great idea and well implemented. Though I started laughing and got distracted at the raffle note: "If you do win, you’ll be asked to pay the $35 set fee for the meal" It's an article about raising $1.6 million. The contest must cost what, $350? Is this a legal thing?

they want to make sure the people going know who NEA is and are not just going to go for free food.

Ah! That makes perfect sense. Thank you.

The tone of it just came off as absurd in an article about raising so much money.

I think I like the charity auction route much more than the raffle with that in mind. The auction is simple and familiar but the raffle version needs to have this mechanic where you win and then you pay. It just feels weird, especially at first glance: "You won! Here's the bill."

Re: Investors Cough Up $1.6 Million To Dine With Grubwithus

#14

Post by jackowayed »

One issue I've seen with Grubwithus is the fairly limited menu, which is generally not particularly vegetarian-friendly. Even when it comes to the meals that have vegetarian entres (~1/2, it seems like), sometimes they're things like "Vegan Plate: fresh veggies from local farmers cooked up with love!"

I'd rather not pay $25 for a meal that has 0 protein.

Re: Investors Cough Up $1.6 Million To Dine With Grubwithus

#17

Post by [deleted] »

jackowayed wrote: post #14

One issue I've seen with Grubwithus is the fairly limited menu, which is generally not particularly vegetarian-friendly. Even when it comes to the meals that have vegetarian entres (~1/2, it seems like), sometimes they're things like "Vegan Plate: fresh veggies from local farmers cooked up with love!" I'd rather not pay $25 for a meal that has 0 protein.

[deleted]

Re: Investors Cough Up $1.6 Million To Dine With Grubwithus

#19

Post by jdwillas »

alain94040 wrote: post #5

From today's TechCrunch article: "For the Andreessen Horowitz meal on May 18, you’ll have to bid to win" From last week's TechCrunch article: "A lot of people have suggested he have the “commoners” bid for lunch spots with the more well-known investors and Valley personalities on the site. [...] I want to lunch with people who are interesting, not people who can pay the most money. That’s just weird." http://techcrun…

Hello,

I came across an old comment of yours here regarding no vesting cliff for co founders.

I'm a young entrepreneur and I have a question about vesting ciffs and would really appreciate a response or a link to some relevant reading.

My team and I consisting of three total co-founders have just received offers from three separate incubators (NYC Seedstart, Alphalabs, and Betaspring).

All three of them require vesting/cliffs for cofounders. I'm just reading up on that now and am appalled that if my co-founders (who are best friends with each other), elevan months from now, wanted to dismiss me and replace me with a good friend of theirs or family member, they would be legally allowed to send me on my way with 0% equity for all my hard work, ideas, and connections. How is this normal practice?

The core of this business model and much of its evolution came from my ideas and although I trust my partners, I can't take the risk of losing everything at their very whim. Is there anything I can do to protect myself going into this, so that I can at least insure some amount of guaranteed equity?

Thanks for any advice you can offer.

Best,

Jason

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