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How does this happen with the typical SAFE?

Future investors can negotiate liquidation preference and participation terms that will give them a bigger part of the pot than their % ownership during a “liquidation event” I.e. basically any outcome other than an IPO will trigger those rights

But aren't the terms of a SAFE that you'll get the same terms as the best terms (MFN) offered to investors in the next round, up to a cap?

Seems like you get just as diluted by future rounds as the professional VCs that will make up the next round, if you get the same terms?

FWIW I don't think angel investments make any financial sense but see them as a minor chance of upside and a significant way to help and connect with people.


Sure. But "liquidation events" are not the events that give you the wins. The point of angel is to get in while the company is cheap. Dilution is part of the math.

People over profit in this case would have been cowardice, not courage. Some had to lose their job for others to keep theirs and for the product to continue serving their customers.

Would you respect a leader who refuses to make hard calls and sinks everyone aboard the ship as a result?

Also people buy databases to do serious stuff. They pay you money to trust you with their data. Being a serious company that makes the hard calls to protect your product is exactly what a serious customer needs.

FWIW I was part of these layoffs and I completely supported them. No glory in putting your head in the sand when people count on you to do the right thing.


I mean, can you picture some marketing copy somewhere on a website saying something you didn't remember?

It's not hard to imagine that not every word ever written about a product tier was remembered by the CEO.


What are you even saying?

This is the bloody pricing page. If I as the CEO of a SaaS startup don't even know what our pricing page says I should step down. That's our offer, that's the most important page we have. Come on now. Writing "free forever" isn't something some rogue marketing intern does, this is a core positioning decision and something you'd absolutely be part of, if not leading, as the founder.


Which minimum hardware spec would qualify as making this not really hard to do locally?


Start with using your knees as a pivot instead of your feet. Then work up the count while keeping the form. It shouldn't take too long (maybe a month) if you keep it steady and soon enough you'll be doing normal push ups (starting back at a low count). You'll be surprised how quickly you can go from 5 to 10, 15, 25, 50 push ups simply by accepting your daily limits and doing them again nonetheless.


But you can't trust flatbuffers sent from unknown senders.


Isn't the density distribution of values going to be higher along the directions pointing in the cube's corners? There's more volume between the sphere and nearby the corners than between the sphere and nearby the faces' centres.


That’s why the method discards points outside the sphere, and returns a normalized point generated from an interior sample.


You can show the exact opposite of this in a degenerate fixed point situation. Say you have -1, 0, +1 in each dimension. The only valid coordinates are the 6 on each face. (+-1, 0, 0) (0, +-1, 0) (0, 0, +-1). Not sure if this is the only counter example. I'd guess that with floating point math and enough bits the bias would be very small and probably even out.


Only if you've set out to build it. Otherwise you can sit and wait.


This seems like it lands in the "most uncharitable" side of the "guess why someone is doing something I don't understand" spectrum. My razors tell me this is usually not the most plausible answer.


So if one was to start a company today and wanted to enshrine employee-and-founder-friendly terms in their company, how should things be structured? Make the founders' shares be of the same class as the employees? Something special?


Make it a cooperative. https://tech-coops.xyz/


Kind of a non-starter. No one is going to found and invest in a cooperative.


i started a business that i'm planning to organize as a cooperative. currently looking for funding and it's hard because the structure is foreign to investors, though it's a business structure that is proven to work. maybe if more people organized their enterprises this way then it would be easier to find investment.


Yes, it takes some education. I've founded a cooperative in Finland and, although the legislation here is very favourable to cooperatives, it took me months to convince PRH (the public register) to certify our bylaws which included an option for investment shares. But we did it!

Do seek professional help. It doesn't need to be expensive lawyers, there may be gratis support from the cooperative network. https://ica.coop/en


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