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sbinthree

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Have a few friends at Salesforce. Few companies are more ruthless about firing people for missing a single quarter of quota. Guess sales reps don't fall under the category of stakeholders with the desired political capital.

The heterodox truth is that startups are undervalued for their value potential. When single (venture backed) companies all have more cash than the entire ecosystem on their balance sheet, it becomes clear that the market is undervalued.

Let's be real, if Elon buying 9% of your company makes you 'super stressed' you are probably in out to lunch peacetime mode anyways and need to be shaken up. Imagine working for Twitter but 'needing support to get through the week' because of board room drama... And Elon deciding not to join the board interrupted their 'monthly day of rest'. Wow.

Board seats come with a duty of loyalty meaning you can only back one competitor. In a world with unlimited investment capital, it might be more rational to back all the best companies in a particular space rather than just a single one. The lack of board seat reduces the investor's obligation to the company and frees up the constrained resource which is partner capacity. Rational.

It is normal for financial freedom to trigger depression. Seek therapy. Don’t sell all your stuff before you have really explored what might be the origin of the problem. No extreme lifestyle changes are going to fix clinical depression.

Hey Karl,

Great seeing you today. I wanted to connect you with Charles Darwin. He’s working on some interesting ideas and thought you’d be interested.

@Charles - Karl is a friend of mine who has been working on some new economics ideas you might find interesting.

No need to keep me in the loop

Best, F.E.

Seed pays 40% of market cash and integer equity. 1% of company if you’re intermediate to junior and they have raised seven figures. Entirely up to you, FAANG will mark you as regrettable attrition if they like you and then you can walk back on if it doesn’t work.