1/ I've met so many founders in the last 6 mo who confidentially told me their recent war stories with many top-tier VC firms & their treatment. Two sides to every story but holy moley does it make me sad. I hope the GPs understand that we all talk too. Examples...

2/ Firms (an previous investor) playing hard ball & issuing 3x liquidation preference at tough moments.
3/ Pitting founders against each other during a conflict.
4/ GPs undermining the CEO with their executive team.
5/ Flying secretly to a potential acquirer to blow up an M&A deal.
6/ Accepting onerous terms at acquisition that primarily financially reward themselves & the brand-new executives. Founders & employees get next to nothing.
7/ Limiting founder rights significantly after the founder gracefully steps down.
8/ Last minute dark & silent exist from the board.
9/ It all makes me appreciative of my board. 🙏
10/ We all did this long, arduous, & painful journey together. Sometimes it works out, sometimes it doesn't. Be nice!

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.