Thanks for this video! I’m wondering do you make potential cofounders sign NDAs? It seems like the cons outweigh the pros in terms of practicality. Thx
Someone help me understand.... it seems obvious, but wouldn’t the CEO also earn money from the equity he or she owns every quarter along with the salary?
If the company is making profits, a CEO can distribute these profits (dividends) among shareholders, but that doesn't always happen in reality because: 1. Startups take a long time to be profitable (up to 5-10 years). 2. Majority of CEOs choose to reinvest profits into the company to accelerate growth.
founders shouldn't have salaries above $150k at the series A level? lol I was expecting $40k max. Lol I'm clearly in a different world rn. To be fair, I'm a 24 yr old guy with no kids and minimal responsibility, maybe other people need the money, we're all different.
At 2:15 he says the idea plays a very small part of it and it’s the execution that’s key. Ok, I have an idea of putting hair on an ant. Excite that. Idiot. The idea is pretty damn important. If execution is far more important, than give me some good dude who just got out of a 6 year prison sentence. That’s someone who knows how to execute.
You didn't get his point. Ideas are dime a dozen. I work at a VC fund and 100s of startup reach out to us for funding. Out of 1000 ideas, 100 are interesting, and only 1 of them have the team to execute it. That's where execution is more important from idea comes from.
