Venture startup scene | Wall Street Financier: Notes from High Altitude© https://wallstreetdealmaker.com He who makes a beast out of himself gets rid of the pain of being a man. Fri, 15 Oct 2021 20:26:50 +0000 en-US hourly 1 https://i0.wp.com/wallstreetdealmaker.com/wp-content/uploads/2018/12/pitbullgif.gif?fit=32%2C22&ssl=1 Venture startup scene | Wall Street Financier: Notes from High Altitude© https://wallstreetdealmaker.com 32 32 155119938 State seeks local partners for funded program for startups https://wallstreetdealmaker.com/2021/10/state-seeks-local-partners-for-funded-program-for-startups/ https://wallstreetdealmaker.com/2021/10/state-seeks-local-partners-for-funded-program-for-startups/#respond Fri, 15 Oct 2021 20:14:10 +0000 https://wallstreetdealmaker.com/?p=2491 State seeks local partners for funded program for startups. This post is for subscribers only. Become a subsriber for only $8.95 a month, with access to all subscriber-only posts. What is Wall Street Financier: Notes from High Altitude ? Started back in 2013 as a humbly private-aviation blog, WSFNHA is… … Continue ReadingState seeks local partners for funded program for startups

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Founder’s Dilemma https://wallstreetdealmaker.com/2020/02/founders-dilemma/ https://wallstreetdealmaker.com/2020/02/founders-dilemma/#respond Sat, 29 Feb 2020 04:45:18 +0000 https://wallstreetdealmaker.com/?p=1988 Pre-seed is the first outside investment entrepreneurs receive into their business after bootstapping and F&F (family and friends). Chris Corbishley, an Investor at Forward Partners, a UK VC fund, has good words of advice on structuring and negotiating those early investments. (link). Read that along with their pre-seed Term Sheet . … Continue ReadingFounder’s Dilemma

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Pre-seed is the first outside investment entrepreneurs receive into their business after bootstapping and F&F (family and friends). Chris Corbishley, an Investor at Forward Partners, a UK VC fund, has good words of advice on structuring and negotiating those early investments. (link). Read that along with their pre-seed Term Sheet .

“A concept known as the ‘Founder’s Dilemma’ reveals the importance of making some hard choices before even approaching VCs for investment. As startups grow, entrepreneurs face a dilemma. On the one hand, they must raise resources to grow their business. If they choose the right investors, they can outperform.

In fact, HBS research shows that founders who gives up more equity to attract good people and investors, build a more valuable company than ones who part with less equity. The founder ends up with a more valuable slice, too.

On the other hand, in order to attract investors and executives, founders must give up a degree of control over decision-making as a quid pro quo.”

Chris Corbishley

Have you noticed ?

This is the only male blog in the world where we incorporate music and or playlists into the posts.

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$100 Million House of Cards https://wallstreetdealmaker.com/2020/02/100-million-house-of-cards/ https://wallstreetdealmaker.com/2020/02/100-million-house-of-cards/#respond Tue, 25 Feb 2020 17:51:21 +0000 https://wallstreetdealmaker.com/?p=1984 Today I invite you to read this post by Courtney Rubin, How a Hot $100 Million Home Design Startup Collapsed Overnight, The untold story of how Homepolish’s extremely Instagrammable house of cards came tumbling down. There are a lot a cautionary red flags for you VCs and investors, and as … Continue Reading$100 Million House of Cards

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Today I invite you to read this post by Courtney Rubin, How a Hot $100 Million Home Design Startup Collapsed Overnight, The untold story of how Homepolish’s extremely Instagrammable house of cards came tumbling down.

There are a lot a cautionary red flags for you VCs and investors, and as I’ve been saying for some time: there’s a lot of them like that.

How many red flags ? Too many…

“The founders openly favored signing up the most physically attractive designers, saying they would be more appealing to clients.”

Courtney Rubin

“What had more important ramifications for the company’s future was Santos’ singular focus on press, with nearly all profits — at least in the early days — going to marketing.

CR

Yep…”design for all ethos.

How “secretly” they get…

“Several months after the [VC] funding, Santos also stopped sharing details about the company’s health. According to five former employees, stats like how many hours were sold and how many designers they had signed up had been shared at weekly all-hands meetings. (In one of the company’s early offices, they had even been written on the wall, near the company’s core values: “Be the Solution,” “Dream Smart,” and “Keep It Fun.”) But according to ex-employees, this stopped suddenly in 2016, and the all-hands meetings themselves became much less frequent. “Everything got a lot more secretive,” says one ex-employee.

CR

Sure, seniority counts…backwards.

“Soon, not a single staffer from the early days remained.

…By employee estimates, 75% of the leadership team that started in 2018 didn’t end 2018 with the company.”

CR

Nothing wrong with laying off staff while you’re living large…

“On June 21, Santos — sitting alone under a crystal-accented chandelier in the office — put three-quarters of the company on what was supposed to be temporary unpaid leave, maybe two weeks, he said, according to former employees who were there at the time. (The other quarter of the company stayed on for minimum wage.)

By July 22 [2019], most employees had gone a full month without pay — meanwhile, Santos’ husband Instagrammed a photo: A six-bedroom, $1.6 million home the couple had just bought in East Hampton, complete with two ponds, a tennis court, and a Jacuzzi.”

CR

“Design for a client’s workspace,” [Santos] wrote, adding that he always did his best thinking in nature. “For all my obsessive planning, preparing and orchestrating, life unfolds as it will,” he wrote. “Almost entirely out of my control.”

CR

WWID ? What Will the fleeced Investors Do ? That money ain’t coming back…

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Vator Splash L.A. Conference October 2016 https://wallstreetdealmaker.com/2016/08/vator-splash-l-a-conference-october-2016/ https://wallstreetdealmaker.com/2016/08/vator-splash-l-a-conference-october-2016/#respond Sat, 27 Aug 2016 22:45:00 +0000 http://wallstreetdealmaker.com/index.php/2016/08/27/vator-splash-l-a-conference-october-2016/ “Mingle and learn from blue-ribbon VCs, angels, legendary founders and the hottest SoCal-based startups.” –See more Books I am reading 1. Forbes Book of Quotations: 10,000 Thoughts on the Business of Life, by T. Goodman 2. Masters of Corporate Venture Capital, by A. Romans 

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“Mingle and learn from blue-ribbon VCs, angels, legendary founders and the hottest SoCal-based startups.” –See more

Books I am reading


1. Forbes Book of Quotations: 10,000 Thoughts on the Business of Life, by T. Goodman

2. Masters of Corporate Venture Capital, by A. Romans 

Vator Splash LA 2015


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