geoburke

Can you link to the service? I haven’t seen it

Are you thinking $100 can’t support 60-90 minutes of a cook’s time and turn a profit?

San Francisco. US.

What’s the best way to creatively write with this? Auto-generate a couple sentences and then delete and replace?

I'm not a poker player, but today a friend analogized SIDE POTS; opt-in diversification with 3 more opportunities per hand. De-risks every player participating in the side pot.

Agreed. Avoid the need for Founderpool by avoiding becoming a founder =P

Misdirected blame to preserve ego does not excuse the fact that the founders are the ones with the biggest impact on their own success. Access to a network incentivized to provide resources, fundraising, introductions, hiring, etc, can only bolster success probability.

Well said. This safety net is meant to help founders make better long term success decisions.

Why?

This is secondary market liquidity, yes? If so, there's unfortunately no demand till series C, and the board needs to allow secondary sales, which competes with the company's own ability to raise capital. We're seeing VCs at later rounds include cash payouts to founders to dissuade secondary market activity.

Also it's not either/or. Participating in a pool does not block the founder from liquidating shares on the open market.

It's something we're looking into. Would be a great market But for clarity, it's generally understood the employees do not bear the same risk as the founders, who contributed months/years of sweat equity as well as actual capital. Oh and risk of lawsuits.

An employee is paid day 1 and the risk beared does not surpass opportunity cost of a paid job at a successful startup vs a failed startup.