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Vesting Structure and CEO Compensation
Discussion of the vesting structure and potential outcomes for a fired CEO, including scenarios, implications for shares and salary, and typical percentages of company ownership.
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Today’s show:
Jason breaks down Amazon’s Anthropic deal and the state of AI mega-rounds (5:29), Flexport’s growing pains through the lens of founding CEO vs. hired gun (24:58), and DoorDash’s new stealthy “Dine Out” feature (44:52).
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Time stamps:
(0:00) Jason kicks off the show
(2:42) Recap of Anthropic's big week
(5:29) Amazon’s Anthropic deal and the state of AI mega-rounds
(7:35) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(9:04) Two major details in Amazon’s Anthropic deal
(18:57) Strategic investors and Anthropic’s corporate structure
(23:32) Mercury Raise - Visit http://mercury.com/raise to get access to a network, connections, and advice
(24:58) Flexport’s growing pains through the lens of founding CEO vs. hired gun
(35:17) Why Dave Clark being fired “for cause” instead of being allowed to resign matters
(38:20) NetSuite - Download your free KPI Checklist at http://netsuite.com/twist
(39:45) Flexport's offer to Clark
(44:52) DoorDash’s new stealthy “Dine Out!” feature
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Reuters article: https://www.reuters.com/markets/deals/amazon-steps-up-ai-race-with-up-4-billion-deal-invest-anthropic-2023-09-25/
The Information article: https://www.theinformation.com/articles/openai-rival-anthropic-in-talks-to-raise-2-billion-from-google-others-as-ai-arms-race-accelerates
CNBC article: https://www.cnbc.com/2023/10/02/the-inside-story-of-dave-clarks-tumultuous-last-days-at-flexport.html
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Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four
Apply for Funding: https://www.launch.co/apply
Buy ANGEL: https://www.angelthebook.com
Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt
Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow Jason:
Twitter: https://twitter.com/jason
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LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Listen to the best highlights from the podcasts you love and dive into the full episode