Disqus - Friends of greenish

Re: Fred Wilson Dot VC

fredwilson — Sun, 08 Nov 2009 06:16:53 -0000

oh yeah

good catch

Re: Valuation and Option Pool

fredwilson — Sat, 07 Nov 2009 08:27:27 -0000

The pfd is senior to common and options

Re: Great Meetup Last Night

fredwilson — Sat, 07 Nov 2009 08:26:53 -0000

I think there's a lot of us who feel that way william

Re: Valuation and Option Pool

fredwilson — Sat, 07 Nov 2009 08:26:19 -0000

Yes, but at 3.25mm it could come post-money

Re: Valuation and Option Pool

fredwilson — Sat, 07 Nov 2009 08:25:32 -0000

I don't think 5pcnt will get it done. Good devs alone will eat that up

Re: The AVC Reader Census

fredwilson — Sat, 07 Nov 2009 08:24:24 -0000

It is fun. Game like elements should be incorporated into almost all web services

Re: The AVC Reader Census

fredwilson — Sat, 07 Nov 2009 08:23:43 -0000

Everyone is a minority in something

Re: The AVC Reader Census

fredwilson — Sat, 07 Nov 2009 08:22:49 -0000

A fantastic curation oppty

Re: The AVC Reader Census

fredwilson — Sat, 07 Nov 2009 08:21:35 -0000

Small sample size andrew. Just wait

Re: The AVC Reader Census

fredwilson — Sat, 07 Nov 2009 07:33:47 -0000

good suggestion

i bet chris dixon will be by here at one point today and will read this

Re: Valuation and Option Pool

fredwilson — Fri, 06 Nov 2009 08:55:51 -0000

So true. Excellent points Eric

Re: Great Meetup Last Night

fredwilson — Fri, 06 Nov 2009 08:48:25 -0000

That's just mike being mike

Re: Valuation and Option Pool

fredwilson — Fri, 06 Nov 2009 07:33:14 -0000

if there are still unissued options in the pool at the time of the series A
round, then the dilution to get to the new number needed will be less than
if there were none

i have seen a situation, disqus, where the pool setup in the seed round was
so large that we actually agreed to keep a portion of it out of the
calculation of pre-money valuation because we knew it would not be used
before the next round

Re: Valuation and Option Pool

fredwilson — Fri, 06 Nov 2009 07:21:51 -0000

they are not that common because the trade-off is usually a lower pre-money valuation and once the trade is set up that way, most entrepreneurs don't choose to do it that way

Re: Valuation and Option Pool

fredwilson — Fri, 06 Nov 2009 07:20:48 -0000

that's a great point Erik. in practice, i've not seen this be an issue if the pool is sized appropriately. most early exits happen in lieu of another round and at that time the pool is largely spent. but if the VC negotiates for an inappropriately large pool, this would be a big issue

Re: Valuation and Option Pool

fredwilson — Fri, 06 Nov 2009 07:02:21 -0000

they are managed by the company with board oversight. think about it as allocating a piece of the company to be granted overtime to employees. the founder/CEO will determine how much is granted to each employee but the board needs to approve the grants

Re: Fred Wilson Dot VC

fredwilson — Fri, 06 Nov 2009 06:38:21 -0000

wow. funny to hear an original after falling in love with the cover. it's a bit of a mindfuck

Re: Great Meetup Last Night

fredwilson — Thu, 05 Nov 2009 18:51:40 -0000

Yup. Live and learn

Re: Great Meetup Last Night

fredwilson — Thu, 05 Nov 2009 18:44:41 -0000

Good point

Re: Great Meetup Last Night

fredwilson — Thu, 05 Nov 2009 18:44:14 -0000

I know. That's what I am going to try to do. When I travel, I never make time to stick around and meetup. I've got a wife and kids that I want to get back to. So its a challenge

Re: Great Meetup Last Night

fredwilson — Thu, 05 Nov 2009 18:42:13 -0000

I hear you. But I veto'd that. I don't like badges. But erik's idea that we wear our disqus avatar instead is awesome

Re: The Double Opt-In Introduction

fredwilson — Thu, 05 Nov 2009 18:40:21 -0000

Not sure what subscriber count really means though. Subscribers don't always translate into readers

Re: Great Meetup Last Night

fredwilson — Thu, 05 Nov 2009 18:40:21 -0000

I think the gratitude should be for the work you do with the kids

Re: Great Meetup Last Night

fredwilson — Thu, 05 Nov 2009 18:40:14 -0000

I love the attitude you express on your card

Re: Great Meetup Last Night

fredwilson — Thu, 05 Nov 2009 18:40:14 -0000

I'm not a yankee fan but as a met fan, any pain the phils feel fees good to me