Here’s what I send my friends when they ask for writing tips: Read Steve Jobs, Elon Musk and Warren Buffett (though they should have used half the words). Good business writing is clear, compelling and concise. ![]() I don’t know a single great entrepreneur who isn’t a great writer. If you can’t write, you can’t raise money. You can do us a favor by sharing it with someone who needs to hear it.Įntrepreneurs are the best business writers in the world. If you hate the sound quality on the first few episodes, hang on, it gets a lot better as we improve our mics and switch to Zencastr in later episodes.Įveryone on the planet should hear this podcast, whether they want to build a 1-person cashflow business or they want want to build a multi-billion dollar company with a team. The episodes are edited for sound quality by our killer sound guy and filler words are removed (um like basically). We publish clean, organized transcripts so you can read each episode if you like. You don’t have to fast forward through 10 minutes of intro to get to the good stuff. We use Descript to chop up, re-arrange and organize the interviews before publication. It’s abstract. Our goal is to make timeless material, not to sell ads or keep you listening.Įach episode is only a few minutes long, covering a single topic and there’s no fluff. This podcast is different than other advice on getting rich. It should really be called “How to Create Wealth.” But that doesn’t have the same oomph. You can find it on Apple, Spotify, YouTube, Overcast, Google, Breaker and every other damn app on the planet. “When I say ability, I don’t mean technical abilities, but the institutional knowledge to build something.For the last few months, Naval and I have been publishing a podcast on “ How to Get Rich.” It’s based on his chart-busting tweetstorm. “Ultimately, there’s going to be a small number of folks who actually have the ability to build a calculated product,” he said. When asked about how this product helps AngelList Venture compete with Carta - which acquired its own AngelList-type startup last month - Kohli said that he doesn’t have anything new to add. It’s what led to the conversation that eventually inspired Stack Equity Management. Months earlier, it launched roll-up vehicles (RUVs), which allow founders to raise capital from up to 250 accredited investors with a single line on the cap table.Īs RUVs have grown, Kohli explained, founders asked AngelList Venture for a better way to look at RUVs within their cap tables of course, that’s difficult if AngelList doesn’t host cap tables to begin with. The new software was created to cover four bases: end-to-end incorporation, business banking, advisor equity grants and cap table management. Last year, AngelList teased out its intent for today’s product launch. The company, which last raised at a $4 billion valuation, has spent the past few years bundling founder services, making today’s product announcement another example of how it views the future of starting (and scaling) a company.ĪngelList returns to its founder-focused roots, with a twist “It ends up being more of a pain… Capital is oxygen, and for us, team-based pricing means that startups could easily raise early on and not worry about it.” “What happens in this environment is that investors still keep investing they’ll just reduce their check size so founders need to talk to more investors,” Kohli said. “The messier the cap table gets, the more it costs in terms of software fees and costs in terms of lawyers,” CEO Avlok Kohli said in an interview yesterday.ĪngelList’s view on the pricing change is meant to incentivize founders to take as many checks as they need from investors - which may become especially necessary during a downturn - without facing more expenses. ![]() Why? AngelList claims that stakeholder-based equity management software means that people on your cap table can cost you hundreds of dollars per year, despite their position in your company not changing. Stack Equity Management charges companies based on team members, while Carta charges companies based on stakeholders, aka investors, on the cap table. It may sound like a niche product launch, but here’s the real news: The company is going head to head with its largest competitor, Carta, when it comes to pricing the management of cap tables. It is available, starting today, to U.S.-based C Corporations. ![]() Stack Equity is a suite of products that companies use to set up, update and purchase founder, employee and investor equity. AngelList Venture is launching Stack Equity Management, a way for startups to organize and manage their cap tables natively within the platform.
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