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Respecting The Pro-Rata Right
Fred Wilson – Mar 20, 2019
When early stage investors make an equity (angel, seed, Srs A, Srs B) investment, they typically negotiate for something called a pro-rata right which gives them the right to maintain their ownership in the company by investing in future rounds [...] Read more
Uncertainty Wednesday: When Small Numbers Matter (Aircraft Safety)
Albert Wenger – Mar 20, 2019
Last week’s Uncertainty Wednesday was titled “Fooled by Small Numbers” and discussed why drawing conclusions from small samples is dangerous. A reader asked how that relates to grounding the Boeing 737 Max 8 airplane after two crashes? Isn’t that also [...] Read more
Scam Likely
Fred Wilson – Mar 19, 2019
The most common caller on my Android phone is Scam Likely. I am sure that most of you are in a similar situation. Last week we were driving and two calls came into The Gotham Gal’s phone which was bluetoothed [...] Read more
The IPO Price and the S1
Fred Wilson – Mar 18, 2019
In my What Is Going To Happen In 2019 post, I wrote: I expect we will see IPOs from big names like Uber/Lyft/Slack, although I also expect those deals will get priced well below the lofty expectations they have in [...] Read more
World After Capital: Freedom to Learn
Albert Wenger – Mar 18, 2019
NOTE: Today’s excerpt from my book World After Capital continues the discussion of Psychological Freedom by examining how we can make ourselves free to learn. Young kids ask upwards of three hundred questions a day. [122] Humans are naturally curious, [...] Read more
The Spotify Apple Issue
Fred Wilson – Mar 17, 2019
Many people who follow tech know that Spotify has filed a complaint with the European Commission regarding the challenges that Spotify has doing business in the iOS app store. I am very sympathetic to Spotify’s complaint. In my post last [...] Read more
Education Statistics
Dani Grant – Mar 16, 2019
Julia Dahl tweeted an amazing graph showing how the number of people working in administrative roles in health care is skyrocketing: Only 9% goes to payment for physicians. The cost of physicians has not significantly increased as proportion of the [...] Read more
Education Statistics
Dani Grant – Mar 16, 2019
Julia Dahl tweeted an amazing graph showing how the number of people working in administrative roles in health care is skyrocketing: Julia Dahl@jdahlmdReplying to @AnandWrites Only 9% goes to payment for physicians. The cost of physicians has not significantly increased [...] Read more
The Power and Danger of the Meme of Suppressed Truth
Albert Wenger – Mar 15, 2019
At dinner last night a friend in his mid 50s asked, quite genuinely: so what exactly is a meme? Our teenage son laughed about this apparent ignorance but the confusion is well founded given that many people today use the [...] Read more