HN user

daniel_levine

3,090 karma

Now: Accel

Before: Dropbox. Accel. Founded Chartio, YC S2010. TechCrunch.

twitter.com/daniel_levine

dan[at]accel.com

Posts51
Comments180
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vercel.com 7mo ago

Investing in the Python Ecosystem – Vercel

daniel_levine
4pts0
cra.mr 2y ago

Enterprise Is Dead

daniel_levine
8pts3
brandonharris.io 5y ago

ClickHouse, Redshift and 2.5B Rows of Time Series Data – Brandonharris.io

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2pts0
tech.ebayinc.com 5y ago

How eBay moved their OLAP to ClickHouse on Kubernetes

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6pts0
blog.sentry.io 6y ago

Rethinking Application Performance Monitoring: Sentry Raises $40M Series C

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4pts0
blog.sentry.io 6y ago

Mitigating Risk While Transitioning Databases

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3pts0
blog.sentry.io 7y ago

Building Sentry, a service to process native crash reports and minidumps

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100pts32
www.scaleapi.com 8y ago

Querying Mongo with AWS Athena – Scale API

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sentry.io 8y ago

Sentry 9 Launches

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2pts0
www.scaleapi.com 8y ago

Increasing the Performance of Dynamic Next.JS Websites

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4pts0
blog.sentry.io 9y ago

The Troubles with iOS Symbolication

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2pts0
www.economist.com 9y ago

The Economist on Why Anti-Globalists Are Wrong

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2pts0
blog.getsentry.com 10y ago

Introducing support for iOS, macOS, and tvOS apps

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1pts0
blog.getsentry.com 10y ago

Looking Back on 2015

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1pts0
blog.getsentry.com 10y ago

Sentry for HipChat Connect

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blog.getsentry.com 11y ago

Driven by Open Source

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15pts1
github.com 11y ago

Dropbox/djinni

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27pts1
www.dropbox.com 12y ago

Dropbox Datastore API Stable Release

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2pts0
github.com 13y ago

Show HN: ParcelKit integrates Core Data with Dropbox Datastore API

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11pts7
www.braintreepayments.com 13y ago

The Next 1,000 Start-Ups

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210pts79
news.ycombinator.com 13y ago

Ask HN: Anyone want to meet in Portland on Friday morning?

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8pts0
weusethat.com 13y ago

Show HN: We Use That. What startups use to get stuff done

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201pts43
techcrunch.com 14y ago

Accel Big Data Conference Ticket Giveaway

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techcrunch.com 14y ago

Amazing New iPhone App Clear

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17pts12
www.braintreepayments.com 14y ago

How Braintree maintains lean infrastructure scaling to $4B in payments a year

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8pts0
ycombinator.com 14y ago

Viaweb Snapshot Right Before Yahoo Acquisition

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5pts1
nowiknow.sprinklelab.com 14y ago

Failing & Doing in Silicon Valley

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9pts0
blog.punchfork.com 15y ago

AnyLeaf (S10) Puts Grocery Deals on Your Plate With the Punchfork API

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34pts0
www.braintreepayments.com 15y ago

Braintree Founder On Decision To Raise Capital vs. Continuing to Bootstrap

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73pts11
blitz.io 15y ago

Blitz: Making load and performance testing a social sport

daniel_levine
5pts0
EdgeDB 2.0 4 years ago

And I bet the team would help with those migration scripts if you asked!

Raise Less Money 6 years ago

While I tend to agree with you in principle, I'm curious how often YC is flexible on the ownership target :P

Raise Less Money 6 years ago

It's a bit confusing but does make sense. Imagine wanting to buy 20% (or 100%) of Apple in the public markets. If you try in normal trading it will either take months based on trading volume or you'll bid up the price as you're buying.

People looking to own larger pieces of a business are often willing to pay a premium to folks trying to buy smaller pieces.

That's not how simple preferred works. That would be participating preferred. And I'd strongly suspect this is simple preferred, as participating preferred is exceptionally rare for Silicon Valley-type companies (it does happen though).

Investors get either the 1x or convert to common. So the most recent investors will take their 1x ($72mm if public sources are correct, which might include some shares bought by previous investors), but previous investors are likely to convert to common if their price per share of purchase is below the acquisition price. But even in your simple example, the $250mm is only split between founders and team, the shareholders who take their 1x are done prior to that point.

In order to mitigate the risk of currency fluctuation, countries with dollar-denominated debt will stockpile dollar-denominated assets in advance as well. Those stockpiles are an increase in demand over what is just needed for immediate transacting.

I am the VC. I was not really consulted on the change, and after seeing it on HN, texted the founder saying I disagreed :) That said, I'm supportive of the team making the decisions they do! They run the company, not me!

New Standard Deal 8 years ago

no need for a discount if there's a cap. Discount is nice if you don't want to try and set a cap/price, but if you're OK setting a cap then it effectively grants a discount