Chapter
The Importance of Seeking Advice as a Founder
51:08 - 59:43 (08:34)
The best founders seek out advice from individuals who have been successful before them. While there is a pressure for institutional investors to show value, ultimately the judgment falls on the CEO.
Clips
Inexperienced board members can cause damage to a business by trying to exert undue influence and not recognizing the unique aspects of each company.
51:08 - 54:15 (03:06)
Summary
Inexperienced board members can cause damage to a business by trying to exert undue influence and not recognizing the unique aspects of each company. This behavior can ultimately lead to the destruction of a business.
ChapterThe Importance of Seeking Advice as a Founder
EpisodeE68: Trudeau invokes emergency powers, Bitcoin vs. government, Tiger Global's new strategy & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
At an IPO, the gap between the price per share of common and preferred stock converges as the value of the common rises.
54:15 - 57:41 (03:26)
Summary
At an IPO, the gap between the price per share of common and preferred stock converges as the value of the common rises. The price of the common and preferred stock is usually around 20 to 1 when a company is first set up.
ChapterThe Importance of Seeking Advice as a Founder
EpisodeE68: Trudeau invokes emergency powers, Bitcoin vs. government, Tiger Global's new strategy & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The evolution of venture capital has taken it from being pro-founder to offering value-added services through firms like Andreessen Horowitz.
57:41 - 59:43 (02:01)
Summary
The evolution of venture capital has taken it from being pro-founder to offering value-added services through firms like Andreessen Horowitz.