Common shares affects the liquidation preference, right? You're junior to the preferred shares. So that, let's say you had paid 10 million bucks or whatever for your 30% ownership over time. That 10 million doesn't count towards anything. Your common is now worth a third of the remaining 70%. Let's say 50% who went down to it. So you have like 15% of the common. And then if we're the investor in that situation, what does the calculation book come? $1000 off at vanta.com slash twist. V-A-N-T-A dot com slash T-W-I-S-T.
J+M kick off the show with another edition of VCSS: a VC’s role in a down market and protecting your money and founders. (4:32) Then, Dan Meyers of Flair joins Molly for this week’s edition of TWiCS.(28:27)
(0:00) J+M discuss how winners start work on Sunday
(4:32) VC Sunday School: Raising and deploying capital in a collapsing economy
(11:32) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(13:02) Pay-to-Play + fiduciary duty vs friendship
(18:10) Smash Digital - Visit https://SmashDigital.com/TWIST to get a free SEO video audit for your business
(19:32) Dollar-cost averaging into a trade and having the founder’s back
(28:27) Molly kicks off TWiCS with Flair Founder - Dan Meyers
(36:41) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups
(38:10) Flair’s business model and the smart puck and vent
(49:23) Dan’s pitch to customers and Flair’s competition
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