So, I wrote a book! It's basically a love letter to everyone brave enough to buck convention and start something hard. Pre-sales open today for friends, founders and trolls alike!♥️
This weekend I met a guy who exited his company around 2010, made $200M and retired (mid 30s). 15 years later, he’s still retired and happy doing nothing. Total head scratcher to me and goes against all the patterns and beliefs I have about founders 🤷🏼♀️
Founder I know was fired by his board of directors at the series B (nothing terrible, just not performing up to par in their eyes) and ended up selling half his shares in a secondary transaction. One year later under new leadership, the company tanks. No one makes a dollar except
Startup based in the UK opened an office in Italy. Hired a local and within the 3 month ‘probationary’ period, things didn’t work out so terminated the employee. But because the company didn’t wait until the end of the 3rd month to terminate, employee sued the company who had to
Readers added context they thought people might want to knowReaders added context
In Italy, employers can terminate the employment contract anytime during the probation period, without notice, and without having to provide a valid reason.
The tweet's claim that an employer must wait the end of the probation period is false.
Source [in Italian]: it.indeed.com/guida-alla-car…
Context is written by people who use X, and appears when rated helpful by others. Find out more.
One of the founders we backed just found out that one of his ‘strategic’ investors sent a confidential investor update to a competitor. I’m so furious right now that once I find who it is, I’m going to let you all know. Watch this space …☠️
I'm in London at a startup pitch event and the one American of the bunch pitching: 1) talked louder 2) with extreme confidence 3) made eye contact with the audience 4) composed demeanor 5) paced the stage. Result: investors lining up to speak with him after.
So, I'm thinking
Founder just called, closed an $800k contract last night. Been working on it for 2 years. Company has runway just thru Jan. We all thought it was over. My kinda New Year’s Eve startup miracle 💪🏼
All this VC money is great until...
1) Series A company doesn't hit their numbers
2) Board is pissed + even abusive (curses at the founder)
3) Pushes out the founder/CEO despite him controlling the equity
4) How? By sinking the bridge round
This is just the beginning😵💫
Today I attended a startup’s ‘board meeting’ in London but the thing is, this startup doesn’t have an official BOD. Instead, they invite a rotating group of current and potential investors, mentors and super-fans to attend these quarterly meetings where they discuss strategy and
Founders, please don’t give up 40% of your cap table at the pre-seed There are other ways to survive while you build momentum / metrics. You are not setting yourself up for success long term. Call a founder friend first who can guide you or email me before you do this! 🙏🏼
Let’s not panic about the new H1-B situation tech friends. I’ve started a matchmaking service to find you American husbands / wives. You keep $80k and give me $20k. Happiness guaranteed 🍒🍒🍒