Thanks Augustin for this article, super clear, especially on Participating vs. Non-Participating Preferred.
What is your take on carve-out plan to ensure to keep motivated founders (and employees with stock options..!) in the case of an Out-of-the-money Exit scenario?
Excellent piece of writing and super clear investment thesis !
Can you give the source for the $15 billion sales loss for the FMCG between 2012 and 2017?
I found data on a BCG study stating “about $22 billion in industry sales shifted from large to smaller companies from 2011 to 2016”. But you seems…
Thanks for this tech stack! They are indeed great productivity and efficiency hacks but I am sometimes stunned by the budget it represents…Out of curiosity, what’s your monthly budget for all your SaaS subscriptions?