Romain Cottard
375 posts

Romain Cottard
@rctrd
Managing Partner @aderfinance, investor @zenlyapp @PayFit @indy_france @side_hq @wavyfrance @Ouihelp @circlemd @jabmoABM @masteos_
Paris, France Katılım Eylül 2012
1.1K Takip Edilen631 Takipçiler
Romain Cottard retweetledi

The stigma around founder secondaries is outdated and harmful.
Every time I advise a founder on taking secondary, I hear the same tired arguments against it:
1. "You don't believe in your company if you sell early"
2. "You'll get too comfortable and stop working hard"
3. "It's complicated and distracting"
All three are patronizing nonsense.
Selling secondary should be just another financial transaction, no matter when it happens. Yet there's a near religious belief among many that it's somehow a moral failing.
The reality?
Founders with some financial security can take BIGGER risks, not smaller ones.
This is especially true for those with families or without other assets.
Here's a simple formula: Every time a company raises, allow founders to take up to 10% as secondary. This creates clear standards and acknowledges the reality of today's extended pre-IPO timelines.
The tail shouldn't wag the dog. Building a company is hard enough without pointless financial martyrdom.
What's your take - overdue correction or slippery slope?
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@gunsnrosesgirl3 Sleep
Vitamins
Washing hands
No public transport
No kids
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@gunsnrosesgirl3 S.C.OUT
Best 2D game ever released
en.wikipedia.org/wiki/S.C.OUT
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@gunsnrosesgirl3 Boating
Soccer
Yelling matches disguised as political debates
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@gunsnrosesgirl3 Eating animals
Growing babies inside humans
Dying
Being sick
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Romain Cottard retweetledi
Romain Cottard retweetledi

Ader Finance est fier d'annoncer la Series B de 10 millions d'euros de @iSYBUY auprès de Eiffel Investment Group et @SWENCP
L'opération a été menée par @pascalmercier, @rctrd et Déborah Merran

Français
Romain Cottard retweetledi

Ader Finance est fier d’annoncer la Series A de 6 millions d’euros de @zestme_up auprès de Reflexion Capital et @GoCapital_FR
L’opération a été menée par @pascalmercier, @rctrd et @PierreJaisson, en collaboration avec Ivan Michal et @rvgarden

Français

@jorgebarba @evernotehelps @evernote Same on Mac OS Sonoma 14.1.1 with Evernote 10.67.2 : slow, laggy. What's up with that @evernotehelps ?
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@evernotehelps the latest version of @evernote 10.67.2 lags. Something as simple as scrolling and switching between notes and notebooks. I’m on Windows 11.
Chula Vista, CA 🇺🇸 English
Romain Cottard retweetledi

Super fundraising insights from @rctrd - including on average you need to speak to 29 VCs before getting a term sheet bit.ly/3DuSWEN
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Romain Cottard retweetledi

Romain Cottard retweetledi
Romain Cottard retweetledi

@chraynaud j'ai 130m2 à louer à coté du WeWork Lafayette mais ca risque d'être un peu juste...
Français

Ok I have just found my new favorite Twitter account.
Random Mandelbrot (@[email protected])@randommandelbot
0.31187752436590555 + 0.5631420745443495i at zoom 2.3061596949e+11. jit:20191218223003
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