…e), Bitium (acq by Google), Lettuce (acq by Intuit), and many others. Every founder who received investment from Rincon or Double M should consider themselves part of the Bonfire Family, and we consider this “alumni base” to be our greatest asset. Incidentally, over twenty of those founders invested in this fund.
…and legislators on token offering implications. We also draw on the expertise and support of a wide network of advisors, including Shiza Shahid, Naval Ravikant, Yasmeen Turayhi, Nadav Hollander, Shaherose Charania, Katherine Krug, and Andy Bromberg.
What prompted this post? It has nothing to do with any individual company. I have been meaning to write this for a while as I’ve noticed that much of my board time is involved in trying to be an independent referee for founders who themselves are trying to resolve their own conflicts. Those seldom get reported.
… employee does make an impact. Risk Premium on Equity Compensation? While Jason Cohen suggests that investment cash and sweat equity should be viewed the same, quite a few people suggest that there should be a risk premium for early employees at early-stage startups. A risk premium is a multiplier that says that any equity compensation should be viewed as being worth less than cash for that employee because of the risk.