Podcasts about pro rata

Episode 288.  James B and Eddie celebrate Halloween with scary goblins and vermin!  Shining shoes and Eddie's Halloween costume are discussed.  Spider-Man helps launch Howard The Duck in a new comic. This episode sponsored by White Dragon's BBQ Poultry Sandwiches Theme Music by Jeff Kenniston.  This Episode Edited by James B using Audacity and Cleanfeed.  Summaries written by James B and Eddie and Pro Rata.  Most Sound effects and music generously provided royalty free by www.fesliyanstudios.com and https://www.zapsplat.com/  Check out all the episodes on letsreadspiderman.podbean.com or wherever you get your podcasts. Check out our live meetup and Discord Channel here https://docs.google.com/document/d/1_mW6htjJUHOzlViEvPQqR-k68tClMGAi85Bi_xrlV7w/edit

David Frankel is the Co-Founder and Managing Partner of Founder Collective, one of the best seed firms of the last decade. David has led rounds in companies such as Suno, Coupang, SeatGeek and PillPack (sold to Amazon for ~$1B). Previously, David was Co-Founder and CEO of Internet Solutions (IS), the largest ISP in Africa, ultimately acquired by NTT Japan. David has been named to the Midas List six times. In 2023, he was #11 and in 2024, he appeared at #15 on the Midas List of the world's best venture capital investors and at #2 on the Midas list of seed investors.  10 Questions With One of the World's Best Seed Investors: 1. Reserves: Why are reserves the hardest part of venture? What have been David's biggest lessons in how to do them well? 2. Why does David believe that pro-rata is the original sin of VC?  3. Has DPI died in 2024? Is PE the salvation for the VC exit market and liquidity? 4. Why does David believe LPs are so pissed of with VCs right now? What will change that? 5. When will IPO markets open? Are M&A markets shut? What would cause them to open? 6. How does David reflect on price today? When will he pay up and break his rules? 7. Biggest lessons for David on knowing when is the right time to sell? Why does David believe you should never sell your winners? What has David sold that he regrets most? 8. What companies returned the most to Founder Collective Funds? Uber? Coupang? Airtable? The Trade Desk? What did he learn from those mega hits? 9. What have been David's biggest losses? How did losing the company change his mindset and approach to investing? 10. What does David believe is the future of venture capital? How can seed funds play in a world of mega multi-stage funds? Who wins? Who loses?      

This Week in Startups is brought to you by… Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you're ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain. Gusto. Gusto is easy online payroll, benefits, and HR built for modern small businesses. Get three months free when you run your first payroll at Gusto.com/twist. Runway. Looking to up-level your financial planning? Runway is the modern and intuitive way to model, plan, and align your business for everyone on your team. Sign up at ⁠runway.com/twist⁠ to get your first 3 months free. * Timestamps: (1:18) Alex kicks off the show! (2:27) Our Fund of Funds panel from Liquidity Summit 2024 take the stage. (2:54) Insights from Ben Choi on Fund of Funds (6:25) Emerging Manager Funds with Michael Downing (9:47) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST (13:38) Challenges for Emerging Managers in Venture Capital (20:25) Gusto - Get three months free when you run your first payroll at http://gusto.com/twist (21:30) Venture Capital Performance with Seyonne Kang (32:12) Runway - Sign up at https://runway.com/twist to get your first 3 months free. (33:30) Monique Woodard on Raising a First Fund (38:35) Debunking Myths of Raising a First Fund (40:46) Importance of Individual vs. Institutional Investors (42:18) Building Relationships for Subsequent Funds (43:45) Identifying Your Ideal LP Persona (45:19) Leveraging Your Fund's Unique Strengths (49:24) Strategies for Fund 2 and Beyond * Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com Check out the TWIST500: https://www.twist500.com Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Check out Cake Ventures: https://www.cake.vc/ Check out Stepstone Group: https://www.stepstonegroup.com/ Check out Next Legacy Ventures: https://www.nextlegacy.com/ Check out MDSV Capital: https://www.mdsv.vc/ * Follow Monique: X: https://x.com/moniquewoodard LinkedIn: https://www.linkedin.com/in/moniquewoodard/ * Follow Seyonne: X: https://x.com/stepstonegroup LinkedIn: https://www.linkedin.com/in/seyonne-kang-b283021/ * Follow Ben: X: https://x.com/benjichoi LinkedIn: https://www.linkedin.com/in/bchoi/ * Follow Michael: X: https://x.com/michaeldowning LinkedIn: https://www.linkedin.com/in/michaeldowning/ * Follow Alex: X: https://x.com/alex LinkedIn: ⁠https://www.linkedin.com/in/alexwilhelm * Thank you to our partners: (9:47) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST (20:25) Gusto - Get three months free when you run your first payroll at http://gusto.com/twist (32:12) Runway - Sign up at https://runway.com/twist to get your first 3 months free. * Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland Check out Jason's suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups Substack: https://twistartups.substack.com * Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916

On today's episode of Equity, we're taking a look at news you might've missed over the holiday weekend here in the U.S., starting with the recent OpenAI security breach. While it doesn't seem that people have to be too worried about what the hackers actually accessed, the fact that it happened is worth paying attention to. TechCrunch's Devin Coldeway argues that AI companies are treasure troves of data and will likely become more of a target for hackers. Companies that work with the large AI companies should pay attention. We also had an update on Fisker's slide into bankruptcy. The EV startup, that you've already heard about on Equity, had a new update this week. The company asked its bankruptcy judge for permission to sell its remaining inventory for $14,000 a vehicle, a noticeable drop from the $70,000 Fisker was initially asking for. This has some fearing that this chapter 11 bankruptcy could turn into a chapter 7. To close out, we looked at a new trend of venture funds helping seed investors exercise their pro rata rights and avoid their equity stake being diluted. This is interesting because while it could be good for smaller funds to have a way to maintain their equity stakes, pro rata rights discussions can get contentious and bringing more capital to the table won't necessarily help that. Equity will be back on Wednesday with an interesting conversation between Mary Ann and  angel investor and Floodgate Co-Founder, Mike Maples Jr, so we'll talk to you then!Equity is TechCrunch's flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes over at Simplecast. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

Jim and Chris sit down to discuss listener questions relating to COLA, WEP, the Roth Conversion Pro Rata Rule, and Inherited Roth IRAs. (15:30) In part 1 of George's 3 email questions Chris goes into how to properly apply COLA to your Social Security calculations. (24:00) Chris talks about determining whether you are subject to […] The post COLA Calculations, WEP, Annuitizing, Roth Pro Rata Rule, and Inherited Roth IRAs: Q&A #2427 appeared first on The Retirement and IRA Show.

Pejman Nozad of Pear VC joins Nick to discuss How a Sports Journalist, Car Washer, and Rug Salesman Built a Tier 1 VC Firm . In this episode we cover: Entrepreneurship, Venture Capital, and Building a Firm for Generations Entrepreneur Mindset, Sales Skills, and Storytelling Investing in Startups, Pro Rata, and Valuation Evaluating Startup Potential, Including Market Size and Founder Quality Investing, Exit Strategies, and Building Relationships with Founders Guest Links: LinkedIn X Pear VC The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter. Are you a founder looking for your next investor? Visit our free tool VC-Rank and we'll send a list of potential investors right to your inbox!

Heinola DiscGolfPark Worldin Pro-rata arvosteltiin maailman 2. parhaaksi frisbeegolfradaksi. Samalla rata on Suomen paras. Valinta perustuu maailmanlaajuiseen UDisc-kirjausjärjestelmään, jonne käyttäjät merkkaavat tuloksiaan ja arvostelevat pelaamiaan ratoja. Ratoja ylläpitävän ja kehittävän LDG ry:n toiminnanjohtaja Jere Pohjankoski vastaanotti torstaina Radio Voiman onnittelut antoi vinkkejä aloitteleville frisbeegolfaajille. Maailmassa on yli 15 000 rataa yli 80 maassa. Huomioitavaa on myös se, että kymmenen parhaan joukossa on vain kaksi rataa, joissa pelaaminen on maksutonta. Heinola DiscGolfPark Worldin Pro-rata on näistä toinen. Kuuntele koko haastattelu.

Want to make a Roth IRA contribution, but you earn over the adjusted gross income limit? Never fear, the backdoor Roth conversion is here! On this episode, I'm doing a deep dive into backdoor Roth conversions and the seven mistakes most people make when attempting this financial maneuver. You will want to hear this episode if you are interested in... What is a backdoor Roth IRA? [1:44] The Pro-Rata rule [3:49] Keeping IRA costs down [6:36] Completing the necessary paperwork [8:02] Why you need to invest [9:40] Reconciling your IRA providers [11:07] Making sure you have the correct retirement plan [11:34] Understanding the Backdoor Roth A backdoor Roth IRA conversion offers a workaround for contributing to a Roth IRA when your income surpasses the set limits. Typically, direct contributions to a Roth IRA have income thresholds. If you earn more than the specified modified adjusted gross income for your filing status, you're restricted from contributing directly. However, with the backdoor Roth, you can sidestep this limitation. The process involves making a non-deductible contribution to a traditional IRA and then converting that amount into a Roth IRA. This method allows contributions regardless of income, but it's crucial to follow specific procedures to avoid potentially costly errors. Mistakes in the process could lead to tax liabilities or complications, so careful attention to the conversion steps is essential to make the most of this strategy. Avoiding Pro-Rata One of the easiest mistakes when using a backdoor Roth conversion is forgetting the Pro-Rata rule. If you've got other IRAs—SEP, SIMPLE, or traditional—those sums factor into your conversion calculation. Imagine intending to move $6,500 from a traditional IRA to a Roth, thinking it's tax-free. But if that $6,500 is only a fraction of a larger total, say $100,000, only 6.5% of your conversion is tax-exempt. You end up paying tax twice! First for the non-deductible IRA contribution, then for the conversion. To avoid this, you want to clear out those IRAs before the year's end. The trick lies in removing any other IRA funds from your name before the backdoor Roth maneuver. You could shuffle the money into an employer's 401k if you have one or create a self-employed 401k if applicable. Surprisingly, even starting a small business could qualify you to set up a 401k plan, allowing you to move those funds out of your name easily. Just remember if you plan to contribute to this new plan, it should match your earnings from that business. But if your goal is to simply clear the path for a backdoor Roth IRA, this method can do the trick. Listen to this episode for more backdoor Roth conversion tips! Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact

In this episode, Prashant sits down with Steve Brotman, founder and Managing Partner at Alpha Partners, to discuss why Pro Rata rights are a game-changer for venture capitalists (VCs) and how they can impact investment outcomes. Here are the key topics covered in the episode: 1. Understanding Pro Rata Rights: Steve explains what pro-rata rights are and why they are essential for VCs to maintain their ownership percentage in a company during future funding rounds. 2. Ethical Concerns: The discussion explores the ethical implications when founders do not respect pro-rata rights and how Alpha Partners helps VC firms exercise their rights by providing the necessary capital. 3. Maximizing Returns: Pro rata rights enable VCs to double down on successful investments and protect their equity stakes in growing companies. The episode provides valuable insights into how these rights can be used strategically. 4. Minority Protection Rights: The importance of minority protection is emphasized, ensuring that minority investors are not unfairly squeezed out of the cap table. We've also summarized the key takeaways and lessons from this insightful conversation: - Pro Rata rights are like doubling down in blackjack, allowing VCs to invest additional funds in companies with high growth potential. - They serve as a defensive mechanism, protecting VCs from dilution and maintaining their ownership percentage in later funding rounds. - Protecting minority rights and pro-rata rights is crucial for the success and sustainability of venture capital deals. - VCs should assert their pro-rata rights, as it is their contractual right and essential for their long-term success in the industry. Links: Alpha Partners website - https://alphapartners.com/ Follow Steve on Linkedin - https://www.linkedin.com/in/stevebrotman/ Hosted by Prashant Choubey - https://www.linkedin.com/in/choubeysahab/ Subscribe to VC10X for more insightful episodes!

In this episode, we have the pleasure of hosting Steve Brotman, a seasoned entrepreneur, investor, and fund manager with an impressive track record in the world of venture capital and startups. Steve is the founder and Managing Partner at Alpha Partners and a Strategic Advisor to the Pritzker Group's venture arm, Pritzker Group Venture Capital.Steve's venture capital journey began as the co-founder and Managing Director of Greenhill SAVP, a venture capital unit of Greenhill & Co that later became Tribeca Venture Partners. Managing a fund with $100 million in assets, Steve focused on technology and business information services, becoming an early institutional investor in successful companies like LivePerson (Nasdaq: LPSN) and Medidata Solutions (Nasdaq: MDSO). Beyond venture capital, Steve's entrepreneurial spirit led him to co-found AdOne, an online classified advertising platform that originated as a class assignment at Columbia Business School but grew to serve over one-third of the newspaper industry, ultimately being acquired by a consortium led by Hearst. Steve's outstanding contributions have earned him accolades, including being named a finalist for the Ernst and Young Entrepreneur of the Year Award, recognition in Crain's Tech 100, and inclusion in the Top 40 under 40 among New York business leaders.Steve Brotman's extensive experience as an entrepreneur, investor, and fund manager makes him a valuable guest, and we look forward to delving into his insights and experiences in the world of venture capital and entrepreneurship in this episode.Key Takeaways:The Blackjack analogy - how to double down on the winners.Green lights and red lights in investments;AI is here to stay, how to get ready for it.Ready To Scale? But not ready to invest in a CFO? One of our bespoke packages can help you. Free Starter Membership Non-Profit Enterprise Package For-Profit Enterprise Package Connect with us because we love new friends!LinkedIn | Twitter |YouTube |Website

La delega fiscale e le novità IVA, la circolare sulle opzioni per cessione del credito e sconto in fattura, la modifica alla proposta di distribuzione degli utili.A cura di Cecilia Pasquale

What's the best way to make a Roth conversion as clean and seamless as possible? Have a money question? Email us here Subscribe to Jill on Money LIVE YouTube: @jillonmoney Instagram: @jillonmoney Twitter: @jillonmoney "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Markus und Axel reden in der ersten Folge Ihres Podcasts und Videoblogs "Wir und die Musikwelt" über die Auswirkungen des Musik-Streaming auf das Musik-Machen und das Konsumieren von Musik.

Who wouldn't want extra cash in their pocket without having to pay taxes to the IRS? In today's episode, Scott dives into the topic of getting more tax-free gains and shares valuable strategies for growing your wealth without paying hefty taxes. From contributing to a Roth 401(k) or SEP Roth to utilizing the backdoor Roth IRA process, Scott provides insights to help you make the most of tax-free gains.   Here's what we'll discuss in this episode:  The current economy + Scott's takeaways from the article “Why Should I Hold Stocks?” (1:52) A few ways to get money into a Roth for more tax-free gains. (10:13) The backdoor Roth IRA process + the Pro-Rata rule. (12:21) You might be able to make after-tax contributions to your 401(k). (14:45) Are Roth conversions right for you? (15:44) Selling your primary house for tax-free gains. (17:48) Getting tax-free money for medical expenses by contributing to a high deductible health savings account. (18:48)   Want to get in touch? Web: https://sierensfinancialgroup.com/ Email: office@sierensfinancialgroup.com Phone: 847-235-6989 Read more and get additional financial resources here: http://lifemoneyshow.com  Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ  MarketWatch Article: https://theirrelevantinvestor.com/2023/06/02/why-should-i-hold-stocks/  

Pro rata is a Latin term used to describe a proportionate allocation. It essentially translates to proportion, which means a process where whatever is being allocated will be distributed in equal portions. If something is given out to people on a pro-rata basis, it means assigning an amount to one person according to their share of the whole. While a pro-rata calculation can be used to determine the appropriate portions of any given whole, it is often used in business finance. Pro rata is also used to determine how much of a distribution from a qualified retirement account is taxable when the account contains before and after-tax dollars This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4432332/advertisement

Simon Schmincke war zu Beginn Teil von Rocket Internet und wurde durch das Schicksal Investor. Heute ist er als General Partner von Creandum wieder nah an den Gründern und wir sprechen darüber, was Gründer häufig falsch machen und warum sie deswegen kein Geld von Investoren bekommen.Was du lernst:Wie wählst du weise zwischen Junior und Senior, ohne am Ende einen zu unerfahrenen oder einen zu teuren Mitarbeitenden zu haben?Ist es eine gute Idee, als Gründer die Story an Investoren zu testen, die man eigentlich gar nicht haben will?Wie kannst du deine Finanzierungsrunde sichern, auch wenn dein Startup 2020/2021 zu hoch bewertet wurde?Was passiert, wenn dein Lead Investor die Pro-Rata Rechte nicht ausübt und du jetzt „allein“ vor deiner nächsten Runde stehst?ALLES ZU UNICORN BAKERY:https://zez.am/unicornbakery(00:01:08) Welchem unglücklichen Zufall verdankst du deinen Start als Investor?(00:04:44) Die Rolle von Rocket für das deutsche Startup-Ökosystem(00:09:44) Road to Series A: Was braucht es, um eine Series A zu bekommen?(00:16:57) Wie kann ich heute trotzdem eine erfolgreiche Runde raisen, auch wenn meine Bewertung aus 20/21 vielleicht viel zu hoch war?(00:20:02) Wie rette ich meine Runde, wenn der Lead Investor beim Pro Rata Investment nicht mehr mitgehen möchte?(00:24:01) Wie erstelle ich als Gründer eine Timeline für meinen Fundraising Prozess und worauf kommt es an?(00:27:59) Wie siehst du das, wenn Gründer vor dem Gespräch mit euch "just for fun" (um ihre Story zu testen) schon mal mit anderen Investoren gesprochen haben?(00:29:16) Wie muss sich meine Bewertung über die verschiedenen Runden entwickeln, dass meine Investoren happy sind??(00:35:03) Wie sieht ein gesundes Verhältnis zwischen Produkt weiterentwickeln, Burn Rate managen und Leute einstellen aus, damit ihr als VCs überzeugt seid?(00:39:14) Wie entscheide ich als Gründer, wann ich Senior und wann ich Junior hiren "muss" und wie verhindere ich das klassische Dilemma von zu teuer oder zu unerfahren?(00:41:08) Wie coacht ihr eure Gründer, damit sie mit der Firma mitwachsen können und alle Herausforderungen auf dem Weg meistern?Simon SchminckeLinkedIn: https://www.linkedin.com/in/simonschmincke/ CREANDUM: https://www.creandum.com/ WHATSAPP NEWSLETTER:1-2x wöchentlich bekommst du eine persönliche Sprachnotiz oder Inhalte von mir, die dich zu einem besseren Gründer machen, melde dich jetzt mit einem Klick an: https://bit.ly/ub-whatsapp-newsletter Hosted on Acast. See acast.com/privacy for more information.

At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET. Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future. ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series ______________ Today's topics included:

Have you done your rent increase calculations yet? While you may be happy with the results, your tenants probably won't be. Because of inflation and the rising cost of EVERYTHING, the TAL increases are high this year.  Worried about delivering  the bad news? You also don't want to end up with a pile of files at the TAL ! In this episode, we'll dive into the art of explaining your rent increases. During this live coaching session, Terrie gives practical advice to our guest, Ron Warner, a multifamily investor.  Terrie outlines the crucial elements to include in your renewal letter, as well as effective negotiation strategies. She explains fees the judge is likely to include or exclude should you end up having the rent Fixed at the TAL, such as insurance coverage.  So sit back, relax, and get ready to become a rent increase communication pro! What we learned from Ron Warner and Terrie Schauer in this episode: - Mastering the Art of Delivering Rent Increase News: Terrie's Expert Tips for Landlords - The most important things you need to include in your renewal letter… and how you can formulate it in exactly the right way!  - How to effectively negotiate with your tenants about rent increase.   - Why it is important to have a completely ventilated insurance policy.  - Does prorating of rent increase effective? (... a look at how you can do it without repercussions.)  Success Quotes: "I found that these kinds of increases really go through better when you show up at the tenants door.” - Terrie Schauer Timestamp: 00:00 - Intro 01:00 - Ron talks about his portfolio and experience as a real estate investor. 03:51 - Ron tells us about his rental property's rent increase. 05:06 - Terrie gives Ron very interesting and straightforward advice on how to tell his tenants about the rent increase. 14:06 - Terrie and Ron talk about how you can negotiate with your tenants to cover rent increases? 19:10 - Terrie and Ron discuss insurance and why it's important.  23:05 - Pro Rata increases for tenants: how to implement them effectively. 27:22 - Closing message from Terrie — what to expect in the upcoming episodes.  29:46 - Outro  Connect with Ron Warner here:  LinkedIn: https://www.linkedin.com/in/ronnie-warner-7aa945265/  Connect with Us: Facebook Page: https://www.facebook.com/restateinvestorsclub/  Email: reic@clubimmobilier.ca  Terrie Schauer's LinkedIn: https://www.linkedin.com/in/terrieschauer/  Terrie Schauer's Instagram: https://www.instagram.com/terrieschauer/  Terrie Schauer's “Mindful Landlord” book: https://mindfullandlord.com/ 

Abonnez-vous à la Newsletter : mailchi.mp/372ce005d7cc/explizik Cette semaine dans Explizik, On va reparler du business model du streaming. Maintenant que Lucian Grainge a sonné l'hallali du pro-rata et qu'il a, à nouveau, exclu le user-centric comme alternative ; la question que je me pose est simple : quelles sont les alternatives ?

Modified adjusted income for Medicare and IRMAA and the pro-rata and aggregation rules for Roth conversions explained... clearly? Will a combat zone TSP transfer be subject to those rules? Plus, joint tenants with rights of survivorship vs. transfer on death for a brokerage account, reducing taxes on the sale of a timeshare, how much to spend on home improvements, and using a reverse mortgage instead of long-term care insurance. And wait 'til you hear Joe and Big Al's thoughts on the best way to pay the least amount of tax when you cash out your retirement savings to buy gold and silver. Show notes, many new free financial resources, transcript, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-414

Abonnez-vous à la Newsletter : mailchi.mp/372ce005d7cc/explizik Cette semaine dans Explizik, Nous parlons de la fin, probablement imminente, du partage des revenus du streaming sur le modèle du pro-rata. Rassurez-vous, je n'ai pas décidé de m'improviser Nostradamus en 2023. C'est simplement que Lucian Grainge, le patron d'universal, a annoncé, dans ses voeux 2023, vouloir en finir avec le pro-rata. Et si Sir Lucian siffle la fin de la récré, il est probable que toute l'industrie suive.

Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape.This week we are joined by Gautam Gupta, who is the co-lead of TCV's new expansion stage strategy called TCV Velocity. TCV was founded over 25 years ago with over $15B invested in over 350 companies. Prior to launching TCV Velocity, Gautam spent time as an investor at General Catalyst and M13, and in between those shops he was Founder and CEO of Naturebox. Gautam brought such an interesting point of view to our conversation, and we covered a lot of ground spanning from early to late-stage investing. Hope you enjoy this episode!Aumni is an investment analytics company dedicated to improving private capital markets. Aumni's technology digitizes hard to track unstructured data from private transaction agreements and organizes it in a structured database through an intuitive dashboard. For investors across the board, the insights provided by this data improve the managers ability to build strategy and make better decisions. Today, Aumni tracks data from over 250 thousand private market transactions to provide anonymous, aggregated market benchmarks.As someone that works deeply in the private fund space, I'm incredibly excited that Aumni's solution helps fund managers provide more insightful accurate reporting to their investors.  Check them out at Aumni.fund.Subscribers of Venture Unlocked can sign up for 20% off when you mention Venture UnlockedAbout Gautam Gupta:Gautam is General Partner at TCV where he focuses on investments in the consumer technology space including commerce, consumer-facing healthcare, education, software, and financial services businesses. Before TCV, Gautam was a Partner at M13 Ventures, an early-stage venture capital firm focused on consumer technology, where he led investments in marketplace, consumer subscription, and B2B2C models.Gautam started his career at General Catalyst in 2004. He was initially an intern while in college and later became a member of the investment team. He left to launch NatureBox and, as CEO, helped build the company into a nationally recognized brand with millions of customers. He did his undergrad at Babson College.In this episode we discuss:02:13 Gautam's career journey as an investor and founder04:52 How being a founder has shaped him as an investor07:50 Identifying whether a company truly is a venture backable company10:27 Why TCV setup the Velocity Fund to do earlier stage and smaller investments11:33 What is an expansion phase investment?14:35 Pros and Cons of traditionally later stage firms investing earlier17:19 Creating a unique brand in a larger firm19:24 How today's market is compared to past down markets in 2008 and the dotcom bust23:07 Changes in deals and the market in the last year26:11 Competing in today's market as an investor29:01 How Power Law is skewing the markets31:05 Looking back on deal memos of the past to see how short-sighted they were33:48 Why TCV Velocity is sticking with their investment thesis36:17 Why investors get pro-rata decisions wrong so often38:48 Advice he would give himself in 200741:08 Common traits of successful foundersI'd love to know what you took away from this conversation with Gautam. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you'd like to be considered as a guest or have someone you'd like to hear from (GP or LP), drop me a direct message on Twitter.Podcast Production support provided by Agent Bee Agency This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com

Kia Kokalitcheva, Axios tech reporter, is a Silicon Valley native who writes about tech news and culture. Among other things, she co-authors the popular Pro Rata newsletter (over 200k subscribers) with Dan Primack. Kia has covered many of the most iconic tech stories of the past decade as a writer at Fortune and VentureBeat prior to Axios which was just acquired by Cox Enterprises. Kia recently wrote about Adam Neumann's new company, Flow. Hear Kia's perspectives on how Flow could transform living like WeWork transformed working… and why she's not scared that bots may take her job. Listen and learn… How Adam Neumann of WeWork fame raised $350M at a $1B valuation from A16Z for his new company Flow… before launching  Kia's proudest moment as a journalist What the acquisition of Axios by Cox Enterprises means for journalism How Flow may be more than the reincarnation of WeWork's failed WeLive experiment As a culture, are we ready for communal living? What is the future of company perks… are the days of on-site dry cleaning numbered? How the generational shift is impacting cultural norms in the workplace What tasks bots will never do better than live journalists References in this episode: How AI is transforming journalism according to The Knight Foundation Gary A. Bolles discusses the WorkNet on AI and the Future of Work Mark van Rijmenam, The Digital Speaker, on AI and the Future of Work 

Mo Koyfman is the Founder and General Partner @ Shine Capital, who announced earlier this year Shine II, a $200M early-stage fund, and Shine Opportunities I, a $100M vehicle. Prior to founding Shine, Mo was the Managing Member @ Moko Brands where he made angel investments in Coinbase, Polychain, Harry's to name a few. Before Moko, Mo spent over 7 years as a General Partner @ Spark Capital where he made investments in Plaid, Warby Parker, Skillshare and Hivemapper, to name a few. Finally prior to Spark, Mo spent over 5 years at IAC where he oversaw group of companies that included Connected Ventures, parent of Vimeo, CollegeHumor & BustedTees. In Today's Episode with Mo Koyfman: 1.) From Entrepreneurial Parents to IAC, Spark Capital and Founding Shine: How did Mo make his way into the world of venture having worked with Dara Khros, Barry Diller and Jeremy Liew? What were some of the biggest takeaways from his time with Barry Diller and IAC? How did Mo's time at Spark impact his investing mindset? What did he learn that he took with him to founding Shine? 2.) Investment Firm vs Investment Partnership: What are the biggest differences between investment firms and investment partnerships? What are the biggest risks founders are taking when they take money from investment firms? Mo has very strong beliefs, how does he manage and inspire debates within his firm without shutting down or intimidating younger, less experienced team members? What does Mo mean when he says, "firms are great but partners matter". 3.) How To Win in Venture: Why does Mo always believe that small funds outperform large funds? What have been some of Mo's biggest lessons from Fred Wilson on fund strategy and sizing? How much of an emphasis does Mo place on the importance of ownership? Why does Mo believe the way to win in venture is to be collaborative? Why does Mo believe in the macro conditions we are entering, the landscape is about to become a lot more collaborative? Why does Mo believe any firm that says they will always do their pro rata is lying? 4.) The Lessons: Success and Failure: What are some of Mo's biggest lessons from his biggest wins, like Plaid at seed? That said, why does Mo believe it is so dangerous to try and learn lessons from the wins? What failures have been most impactful to Mo? What did he take away from them? Why does Mo believe that making great burgers is like building great companies? Items Mentioned in Today's Episode: Mo's Favourite Book: Portnoy's Complaint by Philip Roth

Sunday Double-header! First, in VC Sunday School, Jason discusses and defends his pro rata strategy (1:26). Then, Molly interviews ClimateCheck founder Cal Inman. His company analyzes and risk-rates real estate based on expected changes to the world's climate (14:43)! Show Notes (00:00) Pro Rata VC Sunday School + Assessing Climate Risk (01:26) Why some investors warn against Super Pro Rata (08:02) Is there an advantage to having more investors on the cap table? (13:27) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist (14:43) This Week in Climate Startups - Cal Inman of Climate Check (17:49) How ClimateCheck integrates data for predictions (23:17) How climate predictions are influencing buying decisions (24:46) Bubble. Get one month free of a no-code plan at https://bubble.io/twist (26:14) How financial partners are responding to increasing climate risks (30:45) Incorporating resilience preparedness into ClimateCheck (35:33) Rocket - Go to http://getrocket.com/twist promo code TWIST for 20% off your first placement. (37:14) Next steps for ClimateCheck (43:28) The latest from the TWIST team Check out ClimateCheck: https://climatecheck.com FOLLOW ClimateCheck: https://twitter.com/MyClimateCheck FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood

Sunday Double-header! First, in VC Sunday School, Jason discusses and defends his pro rata strategy (1:26). Then, Molly interviews ClimateCheck founder Cal Inman. His company analyzes and risk-rates real estate based on expected changes to the world's climate (14:43)!

Through occasional freak-outs and that little thing called the pandemic, venture capital has been on a roll for more than a decade. Nobody has watched it more closely than Dan Primack, the business editor of Axios and author of its widely read Pro Rata newsletter. 

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about Roth conversions, making IRA contributions with Bitcoin, and paying legal fees from an IRA LLC.

Jim and Chris sit down to discuss listeners questions relating to Social Security, the pro-rata rule, Roth conversions, and positioning. Intro: Jim and Chris discuss the recent court case involving gold within an IRA as well as the delay to complete 2021 Roth conversions and some potential strategies to combat this. (31:15) George from Texas […] The post Social Security, Pro-Rata Rule, Roth Conversions, and Positioning: Q&A #2150 appeared first on The Retirement and IRA Show.

Jyri's deck - What You Should Know About Early-Stage Venture CapitalJason Lemkin's tweet that started this discussion.In this episode, you will learn:The mechanics of early-stage VC, their 2 and 20 compensation structure and the brutal math of VCWhy do VCs raise new funds every 2-3 years?How are rolling funds and evergreen funds different from traditional VC funds?What is a capital call and why don't VCs hold a lot of cash in the bank?Why is it important for VCs to negotiate pro rata rights with startups?Why was minimum ownership in a startup traditionally important for VCs and what are the reasons that seems to be changing?What are the different approaches VCs adopt to support their startups with better alignment?What is the most consequential decision that you would make when building a startup?How does building products and services for growing social movements create multi-billion startups?Why do early-stage firms succeed by saying 'Yes' more than saying 'No'?AboutJyri Engeström is an early investor in Unity, Dapper Labs, Oura, and many other successful companies. Together with his partner Caterina Fake he runs Yes VC, an early stage firm based in San Francisco. Before starting Yes VC he founded two companies. The first one sold to Google, the second one to Groupon.

Jim and Chris sit down to answer listeners questions relating to Social Security survivor benefits, Roth conversions, lump-sum pensions, and the pro-rata rule. (12:00) Georgette looks for clarification on the rules behind claiming an ex-spouses Social Security survivor benefit while delaying her own. (23:30 Preamble, 30:30 Question) A Californian listener asks for help on a […] The post Social Security, Roth Conversions, Pro-Rata Rules, and Lump-Sum Pensions: Q&A #2141 appeared first on The Retirement and IRA Show.

Roth IRAs are a great way to invest with tax-free growth, but with a tax benefit this good, there are definitely some pitfalls to watch out for.  In this episode I break down 15 of the worst IRA mistakes I've seen as a CPA.  Whether it's contributing too much to a Roth or not understanding the backdoor Roth IRA rules correctly (including the pro-rata rule), you definitely want to avoid these Roth IRA blunders to maximize your retirement investing.Other Videos Mentioned:- Traditional vs. Roth IRAs: https://youtu.be/kUiY-QnrSu8-  How to Open Up a Backdoor Roth IRA With Vanguard: https://youtu.be/oSfHF-WUb6k- The Allec Family Vlog: https://youtube.com/TheAllecFamilyPrograms (Use Coupon Code YOUTUBE for 50% Off!):

This episode covers: - Do you have enough money? - Tax Planning - Equal distribution among TSP funds

Dan White's Radio Show: On The Money Dan White keeps listeners in the Philadelphia and Delaware Region up-to-date with the most pressing financial issues. With over 33 years of professional financial planning experience, Dan has a talent of explaining the complex issues in his weekly show. Dan White is a Financial Specialist in the tri-state area who focuses his practice on income and transitional planning. As a highly regarded professional in the industry, Dan has been published both nationally and locally. Nationally, you can find him in Fox Business News, Forbes, CNN Money, U.S. News & World Report, Market Watch from Dow Jones, Wall Street Journal, Philadelphia Business Journal, The Delaware County Daily Times, and The Philadelphia Inquirer. Locally, he is known as an expert financial contributor in Kennett Square Neighbor, Garnet Valley Living, West Chester Living, Chadds Ford Neighbors, and East Braford Neighbors Magazines. In addition, Dan hosts a weekly radio show on WDEL (101.7 FM / 1150 AM) every Sunday morning at 7am called “On the Money”. He can also be heard on the WDEL Rick Jensen show, on Wednesday afternoons, with the “Dan White Retirement Tip of the Day”. Dan was born and raised in Delaware County, only separating during his college years at State College. Dan and his wife Cindy have been married over 30 years. They have four children; Jessica, Justin, Dylan, and Zachary. Dan is an active member of his church, and a very passionate sports fan! In his spare time, you can find him at a Phillies Baseball Game or Penn State University cheering on the Nittany Lions. Dan and his family also enjoy spending their summers at their beach house in Ocean City, New Jersey. Daniel A. White & Associates, LLC 51 Woodland Drive, Glen Mills, PA 19342 (610) 358-8942 www.danwhiteandassociates.com

Jim and Chris sit down to discuss listener’s questions relating to Social Security, cash balance plans, pensions, and the pro-rata rule. (3:00) Jim and Chris begin by deep diving into the calculation behind the idea of investing your age 62 Social Security benefits instead of waiting till age 70 to claim and follow-up by answering […] The post Social Security, Cash Balance Plans, Pensions, and The Pro-Rata Rule: Q&A #2120 appeared first on The Retirement and IRA Show.

Episode 23 we are over here "SET TRIPPIN'" on PLAYLISTS! We talk about playlisting and are you actually getting what you are paying for. Topics: We talk about the Pro Rata model (how the money pot is divvied to pay artists) Playlisting groups and the Spin-For Spin method - Is this actually working? YouTube - Reasons why you should be there creating your art using the social media giant with 2 BILLION MONTHLY users! Announcements: 1. MATELL | “Fragile” April 1st 2. Sunrayz | “Back to the Island” April 2nd 3. CYGNU6 | “Corruption” April 9th 4. Haluhalo | Beats Catalog added to streaming services April 9th and 16th 5. Peaceable | “Back to the Festival” coming soon News: Will SoundCloud's Fan-Centric Royalties Spark Wider Change?; Read more about it here: https://www.google.com/amp/s/www.rollingstone.com/pro/features/soundcloud-user-centric-royalties-1140942/amp/ (RollingStone, 2021) YouTube launches its TikTok-style ‘Shorts' beta in the US; read more about it here: https://musically.com/2021/03/19/youtube-launches-its-tiktok-style-shorts-beta-in-the-us/ (Music Ally, 2021)

Episode 23 we are over here "SET TRIPPIN'" on PLAYLISTS! We talk about playlisting and are you actually getting what you are paying for. Topics: We talk about the Pro Rata model (how the money pot is divvied to pay artists) Playlisting groups and the Spin-For Spin method - Is this actually working? YouTube - Reasons why you should be there creating your art using the social media giant with 2 BILLION MONTHLY users! Announcements: 1. MATELL | “Fragile” April 1st 2. Sunrayz | “Back to the Island” April 2nd 3. CYGNU6 | “Corruption” April 9th 4. Haluhalo | Beats Catalog added to streaming services April 9th and 16th 5. Peaceable | “Back to the Festival” coming soon News: Will SoundCloud’s Fan-Centric Royalties Spark Wider Change?; Read more about it here: https://www.google.com/amp/s/www.rollingstone.com/pro/features/soundcloud-user-centric-royalties-1140942/amp/ (RollingStone, 2021) YouTube launches its TikTok-style ‘Shorts’ beta in the US; read more about it here: https://musically.com/2021/03/19/youtube-launches-its-tiktok-style-shorts-beta-in-the-us/ (Music Ally, 2021)

Recharacterization of excess Roth IRA contributions, converting post-tax contributions to Roth 401(k), and the pro-rata rule. Plus, target date fund ladders? Also, investing 529 plan money, section 199A dividends from real estate investment trusts (REITs), and how Matt Stafford should save for retirement with his new $34M LA Rams contract (just in case you’re expecting a football player’s salary anytime soon.) Access the transcript and financial resources, ask your money questions: https://bit.ly/YMYW-319

Learn how to prioritize paying down your debts, depending on whether or not you can afford to pay your bills and minimum payments, how to write a pro-rata letter when you can’t pay your debts, and what are key points to include in your business plan. If you don’t already have an abundance plan, check out JJ’s new 28 Days to Financial Freedom Bootcamp at https://jjclink.com/28

Avlok Kohli is the CEO of AngelList Venture which has facilitated the funding of over 5,000 startups including 47 unicorns and is home to 4,300 funds and syndicates with $2.2B in assets under management. This year, AngelList Venture launched the much-discussed, Rolling Funds and Avlok recently launched his own rolling fund, Avlok Capital. Prior to AngelList, Avlok built and sold two companies; FastBite, acquired by Square in 2015 and Fairy, also acquired. If that was not enough, Avlok is also an angel in 25 companies. In Today’s Episode You Will Learn: 1.) How Avlok made his way into the world of facilitating over $2Bn in AUM having sold 2 prior companies on the other side of the table as a founder? What is Avlok's favourite Jack Dorsey story? 2.) Why does Avlok believe Rollings Funds are the "printing presses of innovation" for capital markets? Does Avlok believe that everyone should be a fund manager and managing capital? What are the benefits of rollings funds vs traditional micro funds? 3.) How does the rise of rolling funds impact the early stage pricing of companies? How does it impact the competitive landscape for seed and pre-seed allocations? Is Avlok concerned about a wave of undisciplined capital entering the market? 4.) How does Avlok evaluate reserve allocations for early stage and micro fund managers today? What does the data show for funds that do reserve for pro-rata vs those that do not? How has this impacted Avlok's own approach to pro-rata and reserve deployment? Item’s Mentioned In Today’s Episode Avlok’s Favourite Book: Meditations As always you can follow Harry and The Twenty Minute VC on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Cosa si intende quando si parla di Prorata? E' una quota di IVA non detraibile nel caso di determinate tipologie di operazioni. Vediamo i principi di base

In this episode, we quack the case of everyone's favorite talking waterfowl with a look at Steve Gerber's Howard the Duck! Specifically, his appearances in Giant-Size Man-Thing issues 4-5 and Howard the Duck (Vol. 1), issues 1,2,3, and 5, published by Marvel Comics! Trapped in a world he never made, this irascible, cigar-chomping mallard became a breakout star following his debut in Man-Thing #1 and went on to star in his own series, known for its biting satire (and for having him often appear as a parody of fellow Marvel Comics characters). Can our fowl-tempered philosopher prevail against such absurd antagonists as Pro-Rata, Turnip-Man, Count Macho and the undead menace of Bessie the Hellcow? And will he take his rightful place among that duck dynasty known as ... The Comics Canon? In This Episode: The Bird Pun Swear Jar Milkshake Duck Curt's favorite comic book sound effect Smokestacks and skyscrapers Master C'haaj Our Immortal Hulk episode Mark Gruenwald Dark Avengers Vol. 2: Molecule Man Thundarr the Barbarian Howard the Duck Vol. 0: What the Duck? Join us in two weeks as we look ahead to Marvel Studios' 2021 slate of Disney+ shows with a discussion of Captain America: The Winter Soldier! Until then: Impress your friends with our Comics Canon merchandise! Rate us on Apple Podcasts! Send us an email! Hit us up on Twitter or Facebook! And as always, thanks for listening!

GeneralSubscribe to Fully Vested at FullyVested.co or through your podcast app of choice.Topic: Pro Rata RightsGeneral guidesHow Pro Rata Works In Venture Capital Deals (Jason D. Rowley for Crunchbase News, September 2017)Pro rata rights (Holloway Guides)What all Entrepreneurs Need to Know About Prorata Rights (Mark Suster on his blog, Both Sides Of The Table, in October 2014)The Pro-Rata Participation Right (Fred Wilson on AVC, March 2014)VC Lingo: What are pro rata investment rights? (Accelerator group SOSV on its blog, August 2018)Other Posts And Articles About Pro RataWhy Super Pro-rata Rights are Not a Good Deal for Entrepreneurs (Mark Suster on Both Sides Of The Table, September 2011)Small Funds and the Pro Rata Right (Ken Wallace writing on the blog of Industry Ventures, November 2014)What Is Pro Rata?Pro rata rights typically protect investors when things go well for a company; price-based antidilution provisions protect investors when things go poorly. Conceptually, they're related though: both deal terms help shareholders at least maintain the % of a company they own as valuations change from round to round.Pro rata rights are a form of anti-dilution protection which grants investors the right but not the obligation to invest additional capital in subsequent rounds such that an investor can maintain their proportional stake of the company's shares as the company raises more moneyPro rata rights are a typical term for investors to ask for in the venture deal-making process. However, they're a negotiated term; startup founders are able to deny an investor's request for pro rata rights, but this may preclude an investor from making a commitment. (Many investors' financial models and, sometimes, their LP agreements, pre-suppose pro rata rights after the first check.)Pro rata rights also serve to protect investors from downside events like equity cramdowns, wherein a company may issue a vast number of shares to its employees and other investors, thus diluting the equity stake of a particular investor or class of investors.Percentage-based pro rata rights are most common, but some investors may push for dollar-for-dollar or fixed-sum pro rata rights, which may result in super pro rata rights, granting an investor the right to increase their relative stake in a company in subsequent rounds.Key ConceptsInvestment required to maintain pro rata stake = percent of the stake you want to maintain * number of new shares being issued * share price at new roundAbout The Co-HostsJason D. Rowley is a researcher and writer at Golden.com. He volunteers with startup outreach for the open-source community and sends occasional newsletters from Rowley.Report.Graham C. Peck is a Venture Partner with Cultivation Capital and additionally helps companies build technology development teams in partnership with Brightgrove and other technology development organizations.

The post E1055: Hustle Fund Co-Founder & General Partner Elizabeth Yin on her unique portfolio strategy, attracting first-time LPs, optimism for post-COVID fundraising, dealing with pro rata as a smaller fund & more! appeared first on This Week In Startups.

The post E1055: Hustle Fund Co-Founder & General Partner Elizabeth Yin on her unique portfolio strategy, attracting first-time LPs, optimism for post-COVID fundraising, dealing with pro rata as a smaller fund & more! appeared first on This Week In Startups.

In this special edition episode of Pro Rata, Dan talks to Axios reporter Stef Kight about how to safely and responsibly grocery shop, support local businesses, and help neighbors. Plus: Dan and Axios health care editor Sam Baker discuss the latest updates on the U.S. response to coronavirus, and Axios markets editor Dion Rabouin joins Dan to analyze the state of the economy.

Health care systems aren’t designed to handle a massive influx of patients who all need care for the same thing at the same time. In this special edition episode of Pro Rata, Dan and Axios health care editor Sam Baker explain how the U.S.’s initial response to coronavirus could set us up to strain our health care system. 

Cities are, in many ways, businesses that can never close. In this special edition episode of Pro Rata, Dan and Axios cities correspondent Kim Hart explore how coronavirus presents particular challenges for cities when it comes to encouraging remote work for employees, keeping services running, and responding to this national emergency.

A number of countries are already in a recession due to coronavirus. In this special edition episode of Pro Rata, Dan and Axios markets editor Dion Rabouin discuss what a recession could mean for the U.S. economy and what can and should be done to mitigate it.

Campaigns are all about engagement, but suddenly, due to coronavirus, events are being cancelled, postponed and planned without audiences. In this special edition episode of Pro Rata, Dan and Axios White House & politics editor Margaret Talev explore the potential impacts of coronavirus on campaigns, primaries, conventions, and, possibly, the November election.

In mid-December, Chinese doctors saw the first coronavirus cases, but it took the country weeks to take action to prevent its spread. And yet, it is now taking a leadership role in the pandemic. In this special edition episode of Pro Rata, Dan and Axios China reporter Bethany Allen-Ebrahimian analyze China’s response to coronavirus and its global impact.

Former CNBC anchor Michelle Caruso-Cabrera, long a proponent of smaller government and a self-described centrist, is running as a democrat in New York’s 14th district primary against Alexandria Ocasio-Cortez. Caruso-Cabrera joins Pro Rata to discuss her campaign.  PLUS: A bipartisan push to investigate Google’s search results and how our political differences affect our views on coronavirus

The Boy Scouts of America filed for bankruptcy this week in the face of hundreds of lawsuits from men who allege that they were abused during their time in the scouts. Pro Rata producer Naomi Shavin and Axios reporter Courtenay Brown discuss how the bankruptcy filing will impact the creation of a compensation trust for victims and more. PLUS: The Fed signals it may cut rates and a new study on crowdfunding for medical bills.

The Wall Street Journal reports that Mike Bloomberg’s campaign is hiring people to regularly post from their personal social-media accounts and send texts in support of Bloomberg to their contacts. Pro Rata producer Naomi Shavin is joined by Axios media reporter Sara Fischer to discuss the campaign’s strategies and how social media platforms are responding. PLUS: Morgan Stanley buys E*Trade and the Trump administration sides with Oracle.

A Chinese think tank generated a series of reports rating state governors and White House officials on their “friendliness” towards China. Pro Rata producer Naomi Shavin is joined by Axios China reporter Bethany Allen-Ebrahimian, who obtained and analyzed the reports.  PLUS: The coronavirus vaccine race and optimism in the record label business

After China implemented a ban on importing waste including recyclables, many U.S. cities found themselves without a market for their paper, plastics, and more. Pro Rata producer Naomi Shavin and Axios reporter Erica Pandey discuss technology and economic shifts that could help recycling.  PLUS: Coronavirus hits Apple and tech alarm bells sound in Nevada

For corporations, not everything about getting together is Russell Stover chocolates and long-stemmed roses. So to celebrate the Brew’s Merger Week (keep reading for today’s big piece)...Today on Business Casual: Axios Business Editor and author of the Pro Rata newsletter Dan Primack explains why mergers and acquisitions happen...and why they don’t.In addition to figuring out what today’s M&A means for bull market health, in the episode we...Navigate where the biggest red flags are for today’s megadeals, from unpredictable antitrust regulation to political nationalism to the 2020 electionDetermine the next big space for consolidationParse out the logistics of some of the most outlandish deals the internet’s dreamt up (looking at you, Apple/Tesla)Plus, Primack explains what options are left for Harry’s now that the FTC sued to block Edgewell’s acquisition of the razor maker—and then called off the deal. (FYI, this was recorded riiiight before Edgewell pulled the plug.)

Corporate pledges to address climate change poured out of Davos this week, where the mood was surprisingly optimistic. Axios world news editor Dave Lawler joins Pro Rata from Switzerland after a week at the World Economic Forum.  Plus: Coronavirus in the US and Goldman Sachs takes a baby step in the right direction on board diversity.

Samir Kaul is a Founding Partner and Managing Director at Khosla Ventures, one of the valley's most renowned firms of the last decade with a portfolio including Square, Affirm, DoorDash, Impossible Foods and OpenDoor just to name a few. As for Samir, he led the firm's investment in Guardant Health, Impossible Foods, Nutanix [NASDAQ: NTNX], Oscar, among others. Prior to Khosla, Samir spent five years at Flagship Ventures where he started and invested in early-stage biotechnology companies, including Helicos Biosciences which went on to IPO. Samir was also founding CEO of Codon Devices and led the Arabidopsis Genome Initiative at Craig Venter’s Institute for Genomic Research. In Today’s Episode You Will Learn: 1.) How Samir made his way into the world of venture from the world of biotech and came to found one of the leading firms of the last decade? 2.) How did seeing the booms and busts of the last 2 decades impact Samir's investing mindset? Why does Samir think it is dangerous for a VC to have a "conservative mindset"? How does Samir analyse and think about upside maximisation when investing today? How does Samir think about when to sell your position and how to determine the right time? 3.) What does investment decision-making look like at Khosla? What are the criteria that re-investments are made upon? Why does Samir believe that pro-rata is a kop out? Which should be the core questions that determine whether to double down or not? How does Samir and the partnership think about time allocation across the portfolio? 4.) How does Samir approach the exercise of market sizing? Why does Samir never want to take a risk when it comes to market? Why does Samir want to maximise his risk when it comes to technological risk? How does Samir think through having to carry these deep tech companies for longer? What were his learnings from the clean tech days on this? 5.) How would Samir analyse his own price sensitivity today? What was his most formative inflexion moment as an investor? What did he learn from it? From a people side, who had the biggest impact on Samir as an investor? What were the core elements he learned from them? How does Samir deal with the element of self-doubt? How does he get through those moments? Items Mentioned In Today’s Show: Samir’s Fave Book: Start Something That Matters Samir’s Most Recent Investment: Lightship: Direct to Patient Clinical Trials  As always you can follow Harry, The Twenty Minute VC and Samir on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Dan Primack is a Business Editor of Axios, where he runs the daily Pro Rata newsletter and hosts the daily Pro Rata podcast, among other things.  Previously, Dan was with Fortune.com as Senior Editor, where he covered deals and dealmakers, from Wall Street to Sand Hill Road. At Fortune, Dan launched a very popular newsletter, Term Sheet, which covered venture capital, Wall Street, M&A and other deal-related topics.  Prior to Fortune, Dan was an Editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service.  Here you have it - ALL "must subscribe" daily newsletters about deal and dealmaking were created by the same person - Dan Primack.  In this interview we covered various subjects, from Uber's IPO and Slack's direct listing to Dan's favorite music band.  Visit www.TheAccentPodcast.com   

Ash Rust of Sterling Road joins Nick to discuss "Blessed" Teams, Pseudo Deal Leads, and Caps at Pre vs Post. In this episode, we cover: His beginnings in tech and how that led to starting the fund What's the investment thesis at Sterling Road? What's unique about your approach that other firms aren't doing? Something that I think is frustrating for many founders is seeing these idealistic stories of founders that are raising $5M on a $20M cap with zero traction. And, it's also misleading in that I have a number of founders that think they need to be raising a lot more than they are... very early on before indications of product fit or even a focused commercial plan. Can you talk about the profile of these teams that are able to raise seemingly irrational seed rounds and then later let's jump into consequences. The seed round has now divided into a series of phases... we have pre-seed, seed, mango seed, seed+, seed exensions, etc. We've spoken to Semil Shah about this and how it's no longer a stage it's a series of phases and gates. Can you talk about these phases and how founders should think about milestones and raise amounts prior to raising an A? At New Stack we've encountered some strange and troubling circumstances regarding who the lead investor is on a deal and who is not. What are you seeing in terms of who takes the lead and how has that evolved over the past few years? Pro Rata has always been a hot button issue, for a variety of reasons and we're seeing some new challenges emerge as our portcos are raising up-rounds. What are the key issues you're observing with pro rata and what's your opinion on how it should be handled? A number of my founders are either raising more in their seed round or trying to pull-in and raise their A rounds before their ready b/c everyone is sounding the alarms about an impending recession... raise the money now, before it dries up. This seems curious and a bit misleading from my standpoint... What are your thoughts on founders raising more money or raising sooner because of a potential recession? I've been getting a number of pitch decks from so-called "CFOs" at startups... yet, upon review of a LinkedIN profile, it's pretty clear that these folks are bankers. Are you seeing the same and what are your thoughts? I think it was about eight months ago that YC changed its SAFE to a post-money cap, instead of a pre-money cap. They claimed to have the right intentions when they made the switch but we were immediately suspect for a few obvious reasons, some less so. Talk about about SAFEs as an investment instrument and your thoughts on the switch to post money caps. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information.

Listen for the latest update regarding the Pro Rata Podcast.

Axios' Dan Primack, the author of the Pro Rata business newsletter, talks with Recode's Peter Kafka. In this episode: Why Dan Primack didn't start his own site like other star journalists; economic predictions for 2019, including what companies will go public this year; whether those companies will mimic Spotify's direct listing IPO instead of going through a bank; predictions for the media industry; what journalists get wrong about business and what businesses like Facebook get wrong about journalists; and Axios' controversial HBO interview with President Trump. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kim Hart gives you this bonus edition of "Pro Rata" as she looks at how Amazon could be under scrutiny for its own private label products with Axios tech reporter David McCabe. Plus, in the "Final Two", another casualty in the government shutdown and a self-driving car start-up is getting quite the cash infusion.

What do we want from our financial news? Just the facts, ma’am. If you get dizzy reading the daily onslaught of tweets, posts, and headlines, we get it. It can be hard to know what’s real and what’s an emergency? The media has a knack of making everything seem like a crisis. How can you stay cool but still be informed? How can we begin to follow the news when it can seem so overwhelming? Well, you can start with reading Stash Learn (shameless plug) or you can listen to Dan Primack, the business editor of Axios and author of the Pro Rata newsletter and podcast, where he offers his advice on how to get started reading business and money news and where to start.Dan talks fake news, analysts, taking the long view, and how to get started learning about financial news.Thanks for listening to Teach Me How to Money. Send us your questions at teachmehowtomoney@stashinvest.com, and we’ll try to answer them on a future episode.Don’t have Stash yet?Just go to StashInvest.com/podcast and you can get $5 to get you started on your investment journey. See acast.com/privacy for privacy and opt-out information.

Octagon and Freshfields discuss NYDJ pro rata sharing litigation by Debtwire Radio

Dan is joined by Axios' David McCabe to discuss the recent report of the U.S. House of Representatives seeking the testimony of Twitter CEO Jack Dorsey regarding possibility of limiting the reach of conservative accounts. Dan also addresses the latest in Amazon second headquarters search in his "Final Two". All that and more on The Pro Rata podcast with Dan Primack. https://www.axios.com/scoop-gop-house-leader-says-twitter-ceo-jack-dorsey-should-testify-1533244528-8ae4c369-2ff8-49d0-8a25-8a64b8f73bf3.html

Subscribe to Axios’ Pro Rata podcast with Dan Primack to get smarter, faster on the collision of tech, business, and politics in 10 minutes. Coming Monday July 23rd.  

This week, Harry Ramage is back in the absence of Bungards as we review one of the best rep rounds of all time with 3 of 4 games absolute bangers. That, this week's news, the smallest amount of Origin talk possible, Question time and bonus Darren Lockyer fawning in probably the only Ramage/Doyle pod to come in under 2 hours in existence.  See acast.com/privacy for privacy and opt-out information.

Hemant Taneja is Managing Director @ General Catalyst, one of the world's leading venture firms of the last decade with Airbnb, Stripe, Snapchat, Hubspot and Gusto all in their portfolio. As for Hemant, he has led investments at GC in Stripe, SNAP, Grammarly, Gusto, Livongo, Color Genomics, Class Dojo and more. He also directs the GC Stripe Platform Fund, a $10 million initiative to help start new ventures that are built on top of the Stripe Connect platform. On the educational front, Hemant holds 5 degrees from MIT and sits on the board of Khan Academy. In Today’s Episode You Will Learn: 1.) How Hemant made his way from 5 degrees at MIT and wanting to be an academic to pursuing startups in the world of VC with General Catalyst? 2.) Question from Sam @ ClassDojo: What were the hardest elements of establishing GC on the West Coast? With hindsight today, what would Hemant do differently given the chance? How does Hemant think about the development and ability to accelerate the creation of local reputation? What is crucial and works most effectively? 3.) How does Hemant respond to Elad Gil's "everyone is looking for the next truly deep dein to explore"? Why is Hemant so bullish that we are in the "golden age of venture capital"? Why does Hemant believe that "scale" as a key measure has run it's course? What does Hemant's thesis of the future of "unscaling" really mean? 4.) How does Hemant analyse price sensitivity in todays forthy environment? How has his relationship to price changed over time? With regards to price, what have been some of his biggest regrets and learnings drawn from real-world examples? How does Hemant assess reserve allocation? Why does he think pro-rata is a lazy posture? 5.) Hemant has said on boards for over 1,800 hours, so what does Hemant belive makes the truly special board members? How does Hemant think about first building that rapport and "intimacy" with the founder? Secondly, how important does Hemant believe it is to build similar relations with other board members? Which founder exemplifies the best board management in Hemant's mind? Items Mentioned In Today’s Show: Hemant’s Fave Book: Home Deus Hemant’s Most Recent Investment: Spring Discovery As always you can follow Harry, The Twenty Minute VC and Hemant on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC. Highfive makes meetings better for thousands of organizations with insanely simple video conferencing designed for meeting rooms. It’s the easiest-to-use solution, with all-in-one hardware and intuitive cloud software. Plus, it’s a high-quality experience with industry-leading audio powered by Dolby Voice. It’s so easy to use, that there’s no pin codes or app downloads. Just click a link in your browser, and you’re in the meeting. With customers in over 100 countries, Highfive is already trusted by the likes of Evernote, Expensify, and Betterment and you can learn more by simply heading over to highfive.com. Culture Amp is the platform that makes it easy to collect, understand and act on employee feedback. From onboarding surveys to company-wide engagement, individual effectiveness and more, the platform manages multiple sources of feedback and connects the dots for you and that is why companies like Slack, Nike, Oracle and Lyft all trust Culture Amp. It enables leaders to make better decisions, demonstrate impact and turn your company culture into a competitive edge.  So put your people and culture first and find out more on cultureamp.com.

The post E20: “Angel” podcast: Ask an Angel! Jason Calacanis & Ed Roman answer questions on startup runway concerns, syndicate hit rates, advising best practices, founder updates, due diligence, pro-rata rights, investment legal structures & more appeared first on This Week In Startups.

Ask an Angel! Jason Calacanis & Ed Roman answer questions on startup runway concerns, syndicate hit rates, advising best practices, founder updates, due diligence, pro-rata rights, investment legal structures & more

The post E20: “Angel” podcast: Ask an Angel! Jason Calacanis & Ed Roman answer questions on startup runway concerns, syndicate hit rates, advising best practices, founder updates, due diligence, pro-rata rights, investment legal structures & more appeared first on This Week In Startups.

If you enjoyed the show, please leave us a five star iTunes review! You can ask your question at http://alexanderjarvis.com/askalex !

David Waxman is the Founding Partner @ TenOneTen Ventures, one of the leading new venture firms in the rising tide of LA tech. Their portfolio companies have enjoyed exits from the likes of Facebook, Google, Amazon Cisco, AirBnB and including companies like eCommerce pioneer and unicorn, Wish and the world’s leading airspace services platform, AirMap. As for David, prior to TenOneTen, David enjoyed an incredible career in operations starting with the founding of his first company, Firefly in 1995, an early pioneer in personalization and privacy technology which he sold to Microsoft in 1998. David then co-founded PeoplePC, a company dedicated to simplifying the process of joining the online world. The company went public in 2001 and was acquired by EarthLink in 2002. In Today’s Episode You Will Learn: 1.) How David made his way from selling a company to Microsoft and taking the next public to being one of the leading new managers in LA's tech scene? 2.) Why does David believe that market sizing is a futile effort, or as he calls it "Tamfoolery"? What is the right way that founders should present the market to investors, both in discussion and visually? Why is it impossible for investors to foresee market magnitude? 3.) Why does David strongly dislike convertible notes? Why does he believe that they are worse for not only investor but founders too? In what rare cases do they make sense? Why are they completely ridiculous in multi-million $ deals? 4.) Why does David believe that pro-rata rights have become such a mess? How can founders honour the agreements with their early investors and satiate the ownership appetite of A funds? How would David navigate this if he were a founder today? 5.) Why does David believe the biggest asymettry in VC is the DD that founders engage with, in comparison to that of VC on Founder DD? How should founders structure this DD on investors? What is the right framework? What is the crucial question to ask? Items Mentioned In Today’s Show: David’s Fave Book: The Last Lion: Winston Spencer Churchill: Defender of the Realm David's Fave Blog: Strictly VC, Nuzzel David’s Most Recent Investment: Velocity As always you can follow Harry, The Twenty Minute VC and David on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. Available in carry-on and check-in sizes, Raden is the case for better, smarter travel. By pairing the lightest and most durable materials with technology, travelers can charge their devices on the go, weigh, and track their cases. Visit Raden.com to use code 20VC at checkout. After purchase, you will receive $25 credit to Uber this Holiday season. If a UK listener, head over to Selfridges.com and/or Selfridges on Oxford St. and farfetch.com to shop Raden today. The Simba Hybrid. The most advanced mattress in the world. With a unique combination of two thousand five hundred conical pocket springs and responsive memory foam, it offers the perfect support for two people. A mattress that responds to you and your partner’s sleeping patterns. Delivered free, with a one hundred night sleep trial, free returns and a ten year guarantee. Start your free trial at simbasleep.com

Kevin Rose is a Venture Partner @ True Ventures, one of the leading early stage funds on the West Coast with portfolio companies including the likes of Automattic, Blue Bottle Coffee, About.me and recent unicorn, Peloton. As for Kevin, he is a serial entrepreneur best known for founding Digg and Revision3. Following such success in the field of operations, Kevin made the move into VC becoming a General Partner and advisor @ Google Ventures. Kevin has also been a prolific angel investor with a portfolio including the likes of Twitter, Square, Facebook, Foursquare, and Zynga just to name a few incredible companies.   In Today’s Episode You Will Learn: 1.) How Kevin made his way from founding Digg to moving into VC with Google Ventures? 2.) How did Kevin alter his investment mindset when making the transition from angel to General Partner @ Google Ventures? How does the decision making process change? How does asset allocation change? How does portfolio theory change? 3.) Why is Kevin so bullish on the future of mobile? Why does Kevin believe that distribution channels are actually becoming more equal, allowing for greater startup access? Why does Kevin not believe in the future of VR? 4.) How does Kevin view the optimal relationship between VC and founder? Can a VC be a friend as well as an advisor and board member? What can the VC do to ensure their positioning alongside not above the founder? 5.) How does Kevin view the age old debate of work like balance? How does Kevin approach it? What does Kevin recommend to anyone looking to improve their worl life balance? Items Mentioned In Today’s Show: Kevin’s Fave Book: Essentialism  Kevin’s Most Recent Investment: Lead.rs As always you can follow Harry, The Twenty Minute VC and Kevin on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. Zoom is the No 1 Video and WebConferencing Service, providing one consistent enterprise experience that allows you to engage in an array of activities including online meetings, video webinars, collaboration-enabled conference rooms and business instant messaging. Plus, it is the easiest solution to use, buy and scale with the most straightforward pricing. Do not take our word for it, Zoom’s their partnership with Sequoia in their latest 100m funding round says it all. Zoom is a must for your business. ViewedIt is a free video-recording tool that makes it easy for organizations to embrace the power of video for personalized communications. ViewedIt enables sales professionals, executive leaders and customer support teams to easily record personalized videos and add them to their email conversations. Plus, with built-in tracking powered by the Vidyard platform, video creators will know who is watching what, and which video messages resonate with viewers. They’ll receive immediate playback notifications that will eliminate the wondering of whether the recipient received or watched their content. Find out more and download ViewedIt for free at vidyard.com/viewedit.

NYDJ Apparel and the pitfalls of loose pro rata sharing provisions by Debtwire Radio

Over the past 4 years, the FundersClub team has invested in over 200 startups and talked with over 10,000. With that much exposure into the startup scene we've seen and learned a lot. With VC being a blackbox to many founders, we aim to change that. With our new podcast Transparent VC, join us as we divulge and discuss the good, the bad, and the ugly regarding startups, the tech industry, and venture capital. In our first episode "Founders, Beware of Super Pro-Rata" we discuss the dangers of super pro-rata, why founders should avoid it and what they can do if they've already raised a round including it. Where most of the time, things go well when raising a round, when there's misalignment between investors and founders. things can go terribly wrong. This episode features FC Venture team members: ❖ Kevin Lee (Soundcloud & Twitter: @kevinleeme) ❖ Jerrod Engelberg (Soundcloud: @jerrodsamuel | Twitter: @jengelberg) ❖ Pedro Sorrentino (Soundcloud & Twitter: @pedrosorren)

Discussion of pro rata rights and what it means for the investor's investments in the startup (http://angelkings.com/invest). Investing expert, Ross Blankenship (http://www.theinvestingexpert.com), talks about how pro rata rights allow investors to continue to invest in the startup as they raise more funds in later rounds for their company. Learn more about important terms like pro rata rights when it comes to startup negotiations by signing up for our course (http://angelkings.com/course). Be sure to subscribe to our podcast today.

Eric Paley is the Managing Partner at Founder Collective, one of the world's most successful seed funds with investments in the likes of Uber, Hunch, Makerbot and About.me. Prior to Founder Collective, Eric was the Co-Founder and CEO of Brontes Technologies, later acquired by 3M for $95m. Following it’s acquisition Eric began making angel investments and it was not long before Eric and David, 'super angel' at the time, saw the potential for a Founder First seed fund and Founder Collective was born. In Today's Episode You Will Learn: 1.) How Eric made his move into the wonderful world of venture from founding Brontes Technologies? 2.) What does Eric make of early stage valuations? When creating a venture fund why did Eric believe the seed stage was the stage with the most opportunity? 3.) Question from the legend, David Hornik @ August: At such an early stage where Founder Collective traditionally put in $0.1m-$0.3m, does Eric feel they put in enough money to make it matter? 4.) Does Eric believe that by not doing follow on rounds they are missing out? Does this resistance to seed funds set Founder Collective apart? David did mention that you have begun to follow on now, so what makes you follow on with one portfolio company and not another? 5.) The Founder journey is testing both physically and emotionally, what elements of support do Founder Collective provide outside of the business relationship? Items Mentioned In Today's Show: Eric's Fave Book: Fooled By Randomness As always you can follow Harry, The Twenty Minute VC and Eric on Twitter here! If you would like to see a more colourful side to Harry with many a mojito session you can follow him on Instagram here!

I would like to thank Adelle Archer ( https://theconsumervc.com/2020/05/11/adelle-archer/ ) for introducing me to today's guest, Eric Paley ( https://twitter.com/epaley ) , who is one of the Managing Partners at Founder Collective ( https://www.foundercollective.com/ ). Founder Collective's mission is to be the most aligned VC for founders at seed. Eric is a pretty legendary seed stage investor, some of his investments include Uber, CoverWallet, Seat Geek, Whoop, Thred Up and so many other incredible companies. One book that inspired Eric is Fooled By Randomness ( https://www.amazon.com/gp/product/0812975219?camp=1789&creativeASIN=0812975219&ie=UTF8&linkCode=xm2&tag=theconsumervc-20 ) by Nassim Nicholas Taleb. You can follow Eric on Twitter @epaley ( https://twitter.com/epaley ). You can also follow your host, Mike, on Twitter @mikegelb ( https://twitter.com/MikeGelb ). You can also follow for episode announcements @consumervc ( https://twitter.com/ConsumerVc ). If you're enjoying the show, if you could leave a review on the apple podcast app as that helps other folks find it, that would be really helpful. For all episodes, please visit theconsumervc.com ( http://theconsumervc.com/ ). Here are some of the questions that I ask Eric - * Now you have pre-seed and other emerging stages at the early stages, what's your definition of seed? * Why did you choose to create a seed fund originally? * Why are platforms so popular with VCs and how do you think about different types of businesses (platform, product)? * What's some advice for a startup that is building a vertical product, since VCs typically want to see platforms that have large TAMs? * You mention in a piece you wrote for Techcrunch - “products and platforms are mutually exclusive at early-stage startups. It is nearly impossible to offer a high-quality use case while also being a platform”. What do you actually mean by that? * It seems like the size of a market is often quite different amongst founders and investors (i.e. founder might think the market size is $30 billion, investor believes it's $1 billion). * What are some of the mistakes when thinking about how big a market is? * How should founders think about TAM and market size if they are building a new market? If it's a blue ocean opportunity? * I wanted to talk about COVID, which I'm sure is very top of mind. A couple of other investors I had on say that they are more worried about companies that are trying to raise their series A rather than seed round during these times. * What has been some of the changes in seed over these past few months in relation to * Valuation * Traction/milestones achieved for investment * Shift in attractive vs. mediocre markets * Is it harder to find conviction in a ounder when you meet with the person remotely rather than in person? * How has your team adjusted to remote work as well as your portfolio companies? * What makes a market attractive to invest in? * When you were a founder, you've mentioned how there were VCs that didn't think your technology would work (so they didn't invest) and they were right. This ended up in a pivot. However, for those that did invest, they were extremely happy with their returns from the 3M acquisition and ultimately were successful in providing value by pivoting. It seems as though what made you successful was your obsession with the problem rather than your initial solution. * When analyzing founding teams, how do you know that they are fixated on the problem? * Have you ever invested in companies where you were unconvinced with what they were building (their solution), but had such conviction in the team and how they thought about the problem they were addressing? * Great market * How do you analyze founding teams? * (I remember Joe said you invest in founders that are All Over It, but what does that mean to you?) * I know you've talked alot about the pitfalls of over-fundraising. When you are at the seed stage, is this a conversation that you have with founders when you are thinking about investing? * When pitching, what are some of the most common mistakes that founders might make? * I wanted to talk about Go-to Market strategy and distribution, which is as important as product. How should founders think about a unique distribution strategy? * Is there a difference when evaluating a B2C company vs. a B2B business at seed? * I know you've spoken a bunch on the topic of pro-rata and how pro-rata doesn't help entrepreneurs. How real is signaling? I know lots of investors have said on this show founders need to do their own diligence on investors, should that diligence start with how investors approach executing pro-rata rights? * What are consumer trends are areas that you are currently focused on? * One piece of advice for B2C founders?