@intothemetabert IYKYK the waterfall is very shallow after this…
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Quentin Wallace
2K posts
Quentin Wallace
@QuentinWallace
Cofounder and Partner @archangel_vc. Mentor @startmate and @techstars SportsTech. Advisor @antlerglobal. Ex lawyer and GC @cultureamp.
Katılım Ocak 2011
107 Takip Edilen358 Takipçiler
This is your last chance. After this, there is no turning back. You take the down round pill - the valuation streak ends and you wake up with a messy cap table. You take the 8x liquidation pref pill - you stay in Wonderland and I show you how deep this preference waterfall gets
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@rexsalisbury @toptal Australian Safes often have a maturity clause where they can be converted at a set price. This has been done to avoid a Toptal scenario.
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SAFEs have a flaw.
if company never raises equity, note never converts, you never get the equity!
this happened w/ @toptal. and investor "got" 10% for $1M via a note that never converted. Toptal is now worth ~$1B. investor have ~$100M reasons to be upset and is suing.
This flaw is well known and not really a big deal 99% of time.
curious, what are other stories of this happening?
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@superzac founders institute has some docs online. US focused but you could tailor to AU.
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hey team does anyone have a good template contract and resources for an advisory role? looking at sweat equity type thing for a super early startup…..
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Quentin Wallace retweetledi
"Cold emailing VCs is a waste of time"
Nope, Outdoor Voices got their first VC meetings from cold emails
As a VC, I read every cold email
Here's my 4 tips to send cold emails to VCs:
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Balaji@balajis
LOSING THE MANDATE OF HEAVEN Let’s be real: US political leaders since the Gulf War are perhaps the worst leaders in the history of the world. In 1991, they inherited a hyperpower that wins everywhere without fighting. But by 2021 they produced a declining power that fights everywhere without winning. It’s thirty years of unmitigated domestic and international failure, from San Francisco to Syria, from financial crisis to coronavirus. With every inherited advantage, US leaders nevertheless produced historical collapses in life expectancy[1] and manufacturing capacity[2], in patriotic loyalty and involvement in community[3]. They also delivered concomitant rises in drug overdoses[4], out-of-wedlock births[5], and homeless encampments[6]. And no, they have no historical, philosophical, or literary depth. The historical analogies begin and end with 1939. The philosophy is little more than constant accusations of racism. And the reading level of US presidential speeches has measurably[7] dropped like a rock, to idiocratically elementary levels. The only thing the establishment *has* delivered on is their own bottom line. Think about Pelosi’s stocks[8], BLM’s mansions[9], Obama’s book deals, and 10% for the big guy. The corruption is now flagrant and public. As others have observed, we’re in the looting-the-treasury phase of imperial collapse, as the national debt soars past $33T with literally no limit in sight. STUPID, OR EVIL? And that's what leads to the "conspiracy theories." Are US leaders stupid, or evil? Did they unintentionally ruin what was once the greatest country on earth, or was it intentional and done for their own gain? The conspiracy theories are a way for mere proles to make sense of the senseless. They aren't all wrong, mind you — WMD was fake, the AAA mortgage-backed securities were fake, Russiagate was fake, and so on. Evil was involved in intentionally faking these stories. But ultimately, thinking of US leadership as evil gives them too much credit. It's just hard to remain global #1. The nature of entropy means there are countless ways for the world order to shatter, and only a few ways to keep it intact. Maybe George Washington could find one of those ways, but we have Joe Biden. And that's why DC is losing the Mandate of Heaven[10]. [1]: scpr.brightspotcdn.com/dims4/default/… [2]: thedrive.com/the-war-zone/a… [3]: archive.ph/d8eAk [4]: nida.nih.gov/research-topic… [5]: childtrends.org/publications/d… [6]: archive.ph/kWktp [7]: flowingdata.com/2013/02/12/sta… [8]: dailydot.com/debug/nancy-pe… [9]: nypost.com/2022/05/09/blm… [10]: worldhistory.org/Mandate_of_Hea…
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@vidags10 @alistercoleman Key takeaway: no one knows what the future will be like
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If you’re an Aussie early stage founder @sxswsydney and you want to chat f2f with a VC about your startup ➡️ DM. I’ll be here all week.
#startups #aussiefounders #aussievc #SXSWSydney #1atround1
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A special team for a special mission!
@archangel_vc is delighted to lead CLT Toolbox’s pre seed round with support from Adrian Hondros, BluescopeX, Ecotone, @flyingfoxvc and Gravel Road.
#aussiefounders #aussievc #startups #vc #1atround1 afr.com/technology/blu…
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@m0nty I think you misunderstand the concept of duty of care and it’s role in torts. If a duty of care is established, someone’s conduct still has to breach that duty of care. Nonetheless, people should stop talking about duty of care in a legal sense, these are AFL not legal rules.
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If the case goes to the Tribunal, Maynard’s rep will probably argue that he had the right to brace for impact, but that would misunderstand the idea of duty of care.
Maynard leapt into Brayshaw, so it’s his duty not to injure. If he didn’t want to get hurt himself, don’t jump.
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I am a big fan of the concept of the “football act”, borrowed from NFL, making its way into AFL discourse and laws.
Nevertheless: though Brayden Maynard jumping to smother was a football act, twisting his body mid-air into a bump position to hit Angus Bradshaw’s head was not.
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@TrungTPhan @anothercohen No because it trashes the kettle. Can’t reuse it. Boiling eggs probably OK and genius.
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When you get invited to a Microsoft Teams meeting instead of Zoom or Google Meet do you silently judge the person asking you or do you think it's kinda retro like having a hotmail address?
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@Ryeaxes @hasumpstuffedup Why wasn’t it a 50m penalty? Late contact with no intention to spoil or go for the ball. Now 6 weeks out…
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@hasumpstuffedup With the mark inside 50 by Nick Daicos, he was hit late front on contact that inhibited his attempt to take a shot at goal. What should have happened? Because I wouldn't say (albeit accidentally) injuring a player before taking a set shot 40 out is fair.
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new level of generic linkedin outreach just dropped
available for what???
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