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Greenhouse CEO Daniel Chait on how AI is changing human resources and weaning his company off venture funding via private equity

Hunter Walker

Originally backed by venture capital, in 2021 Daniel worked with TPG , a large private equity firm, to make them the majority investor. DC: I’m going to keep this brief, but if you want to the long version of it, I recommend reading our blog about it. This means the company is predominantly owned by the management/team and TPG.

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Founder's Dilemmas: Equity Splits

www.startuplessonslearned.com

Founders Dilemmas: Equity Splits. The following is an exclusive excerpt which sets up a common pitfall regarding equity splits. In Noam’s dataset, 73% of founding teams split equity within a month of founding, a striking number given the big uncertainties early in the life of any startup. Lessons Learned. by Eric Ries.

Equity 72
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“Why give up that much equity for an amount we could raise other ways?:” SMB Tech Talk from ArtJamz

Hunter Walker

HW: You partnered with Bond Street for growth capital. But, based on our sales and the amount we we’re looking to raise, $60-$120K, it could have meant giving up over 40% equity. Why give up that much equity for an amount we could raise other ways? How did you originally connect with Bond Street? First, we tried investors.

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“Why give up that much equity for an amount we could raise other ways?:” SMB Tech Talk from ArtJamz

Hunter Walker

HW: You partnered with Bond Street for growth capital. But, based on our sales and the amount we we’re looking to raise, $60-$120K, it could have meant giving up over 40% equity. Why give up that much equity for an amount we could raise other ways? How did you originally connect with Bond Street? First, we tried investors.

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How To Find A Programmer To Build Your Startup Idea

socialmatchbox.com

In a search done today, a web developer in Washington, DC should make anywhere from $70,000 to $120,000 per year. With this you have a new rate range for a Washington, DC based programmer of web applications: $42.15-$67.15 Another option is sweat equity. This is your wage range for both the market and for this type of job.

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How to Work with Lawyers at a Startup

Both Sides of the Table

You never got around to agreeing exact equity splits but you had many conversations about it. I know Mike Lincoln in Washington DC does. Focus on the partner you would be working with. One issue he talked about was working with partners. I also like to work with partners. I already mentioned DLA Piper.

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Looking Back On Tech, Startups, And VC In 2018

Haystack

Public investors, cross-over investors, and even traditional private equity firms have taken notice, further blurring the lines of what constitutes true venture capital. Hundreds of new micro funds somehow keep getting into the market. More and more angels will be minted as the 2019 IPO class emerges. That will take a long time to settle.