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2017-10-04 Series A - Numetric $13M Insight Partners — lead investor Hack VC EPIC Ventures Draper Associates Aaron Skonnard https://www.crunchbase.com/fun

by buryat 5y ago

2017-10-04 Series A - Numetric $13M Insight Partners — lead investor Hack VC EPIC Ventures Draper Associates Aaron Skonnard https://www.crunchbase.com/funding_round/numetric-series-a--91f3fe48 https://www.crunchbase.com/funding_round/numetric-series-a--...

CityOfThrowaway 5y ago
Yeah this checks out, these people have a reputation for this behavior.
javajosh 5y ago
If firing the CEO is a (the?) major degree of freedom for investors/boards, why are these events not recorded on crunchbase? That would seem to be a natural addition. I'd also like to see events related to dilution using valuation and any other major DoF that a board might have.
- secondaryacct 5y ago
  But firing the CEO, even a founder, is the right of investors who paid for it... I mean what else do you sell them? If they like the business but not the guy, why should they forever be forced to have him as a parasite in their mind ? Dilution seems wrong though, because they were supposed to buy something, not steal it.
  - ajkjk 5y ago
    You sell them.. returns on their money. That's the whole point, right?
    - freejazz 5y ago
      Then don't sell voting stock?
      - jacquesm 5y ago
        Then you won't be raising any money. It isn't unusual to see VCs insist they get more rather than fewer rights and preferential treatment options because they are later to the party and get to dictate their terms or they walk. That's why you in theory should always negotiate from strength, the weaker your position the bigger the chance that you will have to accept unfavorable terms.
      - asdfasgasdgasdg 5y ago
        Unless your company is a rocket ship already off the launch pad and accelerating to orbit, it's hard to make a deal that doesn't involve voting stock.
  - wly_cdgr 5y ago
    You sell them the opportunity to gamble a large amount of their money with better odds and/or a more appealing returns distribution than any casino will give them, and for barely any more effort on their part. If anything, it's really very presumptuous of them to ask for any measure of say over the outcome beyond a good faith promise from the founder to try their best
jacquesm 5y ago
There should be a reverse ledger where you can look up the misdeeds of VCs, their partners and various other people active in the investment scene so you as a founder have a way to evaluate who you are getting into bed with.
Cthulhu_ 5y ago
Thanks, I was going to reply myself asking for the poster to call them out - these are shitty investors that should be avoided.

by buryat 5y ago

CityOfThrowaway 5y ago

Yeah this checks out, these people have a reputation for this behavior.

javajosh 5y ago

If firing the CEO is a (the?) major degree of freedom for investors/boards, why are these events not recorded on crunchbase? That would seem to be a natural addition. I'd also like to see events related to dilution using valuation and any other major DoF that a board might have.

secondaryacct 5y ago
But firing the CEO, even a founder, is the right of investors who paid for it... I mean what else do you sell them? If they like the business but not the guy, why should they forever be forced to have him as a parasite in their mind ? Dilution seems wrong though, because they were supposed to buy something, not steal it.
- ajkjk 5y ago
  You sell them.. returns on their money. That's the whole point, right?
  - freejazz 5y ago
    Then don't sell voting stock?
    - jacquesm 5y ago
      Then you won't be raising any money. It isn't unusual to see VCs insist they get more rather than fewer rights and preferential treatment options because they are later to the party and get to dictate their terms or they walk. That's why you in theory should always negotiate from strength, the weaker your position the bigger the chance that you will have to accept unfavorable terms.
    - asdfasgasdgasdg 5y ago
      Unless your company is a rocket ship already off the launch pad and accelerating to orbit, it's hard to make a deal that doesn't involve voting stock.
- wly_cdgr 5y ago
  You sell them the opportunity to gamble a large amount of their money with better odds and/or a more appealing returns distribution than any casino will give them, and for barely any more effort on their part. If anything, it's really very presumptuous of them to ask for any measure of say over the outcome beyond a good faith promise from the founder to try their best

jacquesm 5y ago

There should be a reverse ledger where you can look up the misdeeds of VCs, their partners and various other people active in the investment scene so you as a founder have a way to evaluate who you are getting into bed with.

Cthulhu_ 5y ago

Thanks, I was going to reply myself asking for the poster to call them out - these are shitty investors that should be avoided.