Pascal's View

JULY 9, 2017

Andrew Krowne and I recently co-wrote an article in Tech Crunch , Why SAFE Notes Are Not Safe for Entrepreneurs. The most serious unintended consequence occurs from “note waterfalls”— converting multiple notes that have multiple valuation caps. Many entrepreneurs lose track of what they have been cooking up in the cap table.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Startup Lessons Learned

MAY 4, 2021

Just before the IPO, I had a far-reaching conversation with co-founder and CEO Brian Armstrong as he approached this major milestone for the company he co-founded back in 2012. What is the role of public and private organizations in governing our shared civic fabric? I'm the co-founder and CEO of Coinbase.

IPO 113

IPO Cofounder Technical Review Government 113

abovethecrowd.com

JUNE 2, 2021

This “gain” ($34B last year alone) is a result of a direct wealth-transfer to these individuals FROM the previous owners of the company — founders, executives, employees, and venture investors. Is it disrespectful to imply that the founders, executives, VC-backers, and the boards of these companies are gullible or naive?

IPO 82

IPO Customer Matching Silicon Valley 82

Haystack

DECEMBER 28, 2019

The genie is out of the bottle – technology is proliferating worldwide, relatively new web and mobile users could use Slack, or Zoom, or pick-any-service on a daily basis, often paying for it. Technology also levies a deflationary effect, which I’ll address more below. 3/ The Streaming Media Effect.

China 146

China Startup Lock-up Period Cap Table 146