bryc3

5 ms·

1.
We're Selling Entrepreneurship Short(bryce.medium.com)
1 points by bryc3 4y ago|0 comments
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Tuft and Needle to Merge with Serta(forbes.com)
2 points by bryc3 8y ago|0 comments
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Founder Field Trips(medium.com)
1 points by bryc3 9y ago|0 comments
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by bryc3 10y ago
The instruments is essentially a modified SAFE with a clause for distributions (which keys off a multiple of the founder's salary) and no expiration date. The intent was to keep it simple, clear and relatively toothless.
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by bryc3 10y ago
Candidly, I thought the piece was going to be a broader look at VC alternatives. I was as surprised as anyone to see that Indie.vc WAS the story.
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How Indie.vc Cash Distributions Work(bryce.vc)
1 points by bryc3 12y ago|0 comments
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by bryc3 12y ago
thanks for the encouraging words.
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by bryc3 12y ago
we convert at the pre-determined equity amount.
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by bryc3 12y ago
Let's try this an example. Say at the time of funding founders are paying themselves $100k salaries each. They can pay themselves up to $150k each (150% salary at time of funding or a market salary we establish with them at the time o
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by bryc3 12y ago
our assumption is that we'd need to wave our rights to distributions should an equity financing come together.
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by bryc3 12y ago
That's all part of the experiment. Given the only forcing function for distributions is tied to founder salary, there is no reason founders couldn't simply keep investing in, and growing their business, for years without ever maki
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by bryc3 12y ago
It certainly isn't for everyone. Perhaps it can grow to larger companies over time, but we wanted constraints on the initial experiment. People who are applying seem to be equally split between those looking for cash and those looking
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by bryc3 12y ago
There is no timeframe on repayment of the loan. If founders want to keep reinvesting in the business that is fantastic. If they want to start taking more out for themselves, that's when the distributions kick in. We hope that helps kee
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by bryc3 12y ago
Hopefully the application and interview process will help us weed out the scammers.
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by bryc3 16y ago
hey all- thanks for taking an interest in the post, I've really enjoyed reading your feedback. the impetus for this one was a series of conversations with entrepreneurs who said they were glad we hadn't funded them when they initially appro
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by bryc3 18y ago
Great post Paul. One thing to highlight is that traditional VCs, historically, don't make "venture level" returns in efficient markets. Your examples highlight the cash efficiencies of early stage software/web based businesses from which VC
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VC Job @ OATV(pehub.com)
1 points by bryc3 18y ago|0 comments