The iron rule of founder compensation is dead
Sadly this week we had to kick off with a correction as I am 1) dumb, and, 2) see point one. But after we got past SPAC nuances (shout-out to David Ethridge), we had a full show of good stuff, including:
- Y Combinator Demo Day is going virtual, as before, and its coming iteration will also be live. The Equity crew all agree that this is the right thing to do, and probably more fun, to boot. And now the founders can sweat a live event, too! What fun.
- Speaking of live events going digital, Disrupt is coming up. And it is going to be great. Read more here.
- A group of Stanford business school students are putting together an investment vehicle to invest money into themselves, which is a good idea and something that is highly risible. Luckily, Danny and Natasha had good things to say about the effort.
- Ro raised $200 million, and any jokes that were inappropriate are Danny’s fault. The company’s $200 million valuation makes the news that its competitor Hims could go public via a SPAC all the more exciting.
- I covered a neat round: $20 million for Instrumental, a super neat startup that has me hyped.
- Facebook is still hunting up ways to get a better look into growing startups — this time via investments in venture capital funds.
- And, finally, there were some hearings this week, you might have heard. We’re working on something neat that you are going to love on just that topic, so stay tuned.
And that’s Equity for this week. We are back Monday morning early, so make sure you are keeping tabs on our socials. Hugs, talk soon!