I like the idea here but do not agree with the conclusions. Founders should do their own homework on these three structures independently. I’ll leave this here for future readers 👇
In this scenario, the investor would have received their full Return Cap of $600k in 2 years, implying the founders has managed to pay themselves ~$2 million in Founder Earnings in 2 years. A phenomenal outcome for all involved.
Great overview Clement! Another trend I’m seeing as a category of micro-SaaS is turning, what used to be a job for a custom Wordpress theme, into a hosted service. Check out https://productmap.co/ (product road maps), https://slimfaq.com (FAQ sites), https://www.statuspage.io/ (Status pages).
Not sure if I’m able to define “high-profile generalist VC” but Andrew Beebe joining Obvious and leading investments in some genuinely cleantech (not “focused on other things but incidentally cleantech” but actual cleantech) companies has to be a little cheering.
Haha, I know! I have mixed feelings about the trend of ebooks running from $40 up to $100s. One the one hand I do think people should be willing to pay for good content at a rate that the author actually gets a return on their time invested. But on the other hand it becomes too easily to have one little success and then dine out on “how to” content…
I use Twitter for this but I think there’s an opportunity for Pocket or Instapaper to build this. I’d love to “follow” a curator, giving them access to put a limited amount of things in my reading/watching queue directly.
The point is great, that you should consider an author’s, or your own if you are the author, financial situation carefully. Whole-heartedly agree with being mindful of your privilege. At the same time, despite all the aspirational porn and Insta-selfie over-sharing, most people still have exaggerated fears about the cost of travel. And more generally…