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Week three’s breakdown covered topics like how hard momentum is to turn around, and how participating preferredstock works. At this point, the very pregnant cofounder was weeping. Daymond offered to be an advisor. The cofounder was charismatic and persuasive and asking for $85k for 12% of the company.
– Build out low-cost force multipliers such as scouts , Advisors, Entrepreneurs in Residence, Venture Partners, and so on. Typically they get cofounder common equity, in addition to the preferredstock that a conventional VC gets. This evolves the VC from a server to a router.
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