Equity Are you feeling Disrupted?
Sep 22, 2023
The hosts recount their vibrant experiences at TechCrunch Disrupt 2023, sharing insights on providing early liquidity for founders and employees. They dive into the intriguing topic of Cruise potentially banning human drivers from city centers. The conversation also touches on the challenges that urban pedestrians and drivers face, along with sustainable innovations being sparked by climate tech investments. A surprising celebrity encounter highlights the importance of genuine connections at industry events and the buoyant spirit of startups navigating tough times.
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Early Liquidity Programs
- To provide early liquidity to founders and employees, establish a consistent program.
- This allows access to liquidity, perhaps quarterly, and avoids pitfalls of programs like Stripe's and Instacart's.
Stock Option Demand
- Stock options are not as in-demand as they used to be.
- Instacart's public share price has dropped below the exercise price of some employee stock options, rendering them worthless.
Interview with Kyle Vogt
- Kirsten Korosec interviewed Cruise CEO Kyle Vogt at Disrupt 2023.
- Vogt discussed Cruise's winterized robotaxi, regulatory hurdles, and the potential for banning human drivers in city centers.