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David Christ
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David Christ
@dvidchris30
We are a culture | IG: @argoasia
Jakarta, Indonesia Katılım Kasım 2009
365 Takip Edilen391 Takipçiler
David Christ retweetledi
David Christ retweetledi
David Christ retweetledi

David Christ retweetledi
David Christ retweetledi

Q: Other than valuation, what else should founders optimize for when fundraising?
In the words of Elon Musk:
"If you have a choice of a lower valuation with someone you really like or a higher valuation with someone you have a question mark about, take the lower valuation."
In the clip below, he tells the story of how he got this wrong when Tesla raised its Series C in 2006.
He was choosing between two competing bids from Kleiner Perkins and VantagePoint.
Kleiner offered a $50M pre-money valuation. VantagePoint offered $70M.
Musk told Kleiner that if John Doerr joined the board, Tesla would do it at $50M. However, Doerr had too many other obligations at the time and couldn't commit to another board seat.
Tesla ended up going with VantagePoint, which Musk goes on to say "was probably a mistake".
In November 2007, VantagePoint tried to lead a deal that would have seriously diluted Musk's control of the company.
That attempt ended up failing. But a year later, VantagePoint almost blocked the deal that saved the company from bankruptcy.
In December 2008, Musk needed to raise $40M. One week from running out of money and bouncing payroll, Musk managed to cobble together $20M and asked Tesla's other investors to match it. They agreed, but Musk noticed a problem while finalizing the paperwork. VantagePoint had signed all of the paperwork except for one crucial page. When Musk phoned up Alan Salzman, VantagePoint's cofounder and managing partner, Salzman informed Musk that the firm had a problem with the investment round because it undervalued Tesla. They then backed out of the deal.
Musk believed that Salzman's tactics were part of a mission to bankrupt Tesla, oust him as CEO, recapitalize Tesla, and emerge as the major owner of the carmaker.
This forced Musk to take another huge risk: Tesla recharacterized the funding as a debt round rather than an equity round, knowing that VantagePoint could not interfere with a debt deal.
The deal ended up closing on Christmas Eve, hours before Tesla would have gone bankrupt. Musk had just a few hundred thousand dollars left and could not have made payroll the next day. Musk ultimately put in $12M personally, and the investment firms put up the rest. As for Salzman, Musk said, "He should be ashamed of himself."
Musk compares choosing a VC to getting married. It's incredibly important to work with people you respect and trust. Valuation shouldn't be the only thing founders optimize for.
English
David Christ retweetledi
David Christ retweetledi

Filippo Inzaghi on Zidane:
"Saya berada di Juve ketika saya melihat Zidane untuk pertama kalinya. Beberapa minggu pertama saya berlari di sekitar lapangan dan mengagumi apa yang dia lakukan dengan bola. Saya melihatnya seperti anak kecil menonton kartun Dalam latihan, saya mencoba untuk melakukan apa yang dia lakukan, tetapi saya tidak pernah bisa melakukannya... kemudian suatu hari dia mendekati saya dan berkata:
"Cheer! Kamu sangat kuat di depan gawang, selamat!"
Aku tidak menjawabnya tapi aku berkata pada diriku sendiri:
“jika aku baik, lalu bagaimana dengan dia?? »
Minggu-minggu berlalu dan ketika dia memiliki kesempatan, dia mengulangi pujiannya kepada saya. Suatu hari saya berkata kepadanya:
“Kamu luar biasa, saya belum pernah melihat orang memperlakukan bola seperti ini”
Dia tersenyum berkata, “Jika saya melakukan apa yang Anda lakukan, saya sudah berada di rumah sakit. Selain itu, menunggu bola sepanjang pertandingan adalah kegilaan! "
Setelah kata-katanya, saya menyadari bahwa setiap orang dilahirkan untuk melakukan sesuatu. Saya tahu bagaimana mencetak gol dan dia tahu bagaimana membuat bola menari.
Anda mungkin pernah melihatnya dalam pertandingan, tetapi Zizou dalam latihan, dia adalah paranormal!"
via @LMDFoot_

Indonesia
David Christ retweetledi

Messi dan Cristiano Ronaldo bisa dibilang dua Greatest of all time (GOAT) dalam cabang olahraga Sepakbola.
Kalian penasaran ga sih masing-masing "GOAT" di cabang olahraga lain?
A Thread -
#UdahConnxBelum

Indonesia
David Christ retweetledi

Faktanya hari ini merupakan hari musik sedunia!
Yuk sebutin lagu pertama yang kalian masih dengerin sampai sekarang.
#FaktaUnikHariIni
#UdahConnxBelum

Indonesia
David Christ retweetledi

Can't wait for the premier of Connx with Her?
Wait no longer, as the first episode with Irma Syahrifat is coming soon.
Stay tuned this Thursday at 4 pm to listen to her story.
Only on connx.id
#CONNX #UdahConnxBelum #ConnxWithHer

English
David Christ retweetledi
David Christ retweetledi
David Christ retweetledi
David Christ retweetledi

Ini fenomena yang bisa ngebedain apakah suatu negara udah maju atau belum: laundry coin vs kilo. Alasannya simpel, kalau laundry kiloan masih dominan berarti upah tenaga kerja masih murah, masih menguntungkan kalau jasa laundry dijadiin labor-intensive…
s@selviavles
Ku punya laundry kiloan. Utk di indo, coin laundry blm semenjanjikan laundry kiloan krn coin laundry lbh mahal utk customer, banyak perintilan tambahan, dan customer lbh suka terima jd drpd nungguin laundry-an kelar. Lbh baik laundry kiloan + pickup and delivery service.
Indonesia









