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Tren Griffin @trengriffin
, 3 tweets, 1 min read Read on Twitter
"A three person Board should not have committees. A five person Board could and should have them if there is a lot of work required for audit and compensation. A seven person Board and larger should most certainly have committees." avc.com/2012/04/the-bo…
"The compensation committee provides oversight of the Company's compensation plans, including equity compensation. The audit committee provides oversight of the CFO function, the auditors, and related matters (which might include tax compliance, SEC compliance, etc, etc)."
"Golden Rules: 1) No one is ever happy with compensation, and compensation has never made anyone happy. 2) People always find out what everyone else is making. 3) Create a system that revisits compensation only 1-2x a year. 4) Be as formulaic as you can." firstround.com/review/A-Count…
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"According to the survey results, the median pay for full-time writers was $20,300 in 2017, and that number decreased to $6,080 when part-time writers were considered. The latter figure reflects a 42 percent drop since 2009, when the median was $10,500."
In my blog post on writing books I wrote: "6. Don’t expect to earn more than the minimum wage and be thrilled if you earn more." google.com/amp/s/25iq.com…
"In Mémoires (1759), Voltaire recalled how in his youth he had come across so many writers who were “penniless and held in contempt” that “he had decided not to add to their number.” laphamsquarterly.org/luck/voltaires… "Thanks to his fortune he was free to pursue his writerly life."
Read 3 tweets
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"Companies can lose a lot of money in their early years but be wonderful businesses if they are acquiring customers with long lives and strong variable margins."

But some businesses just do the losing money part. A critical skill is knowing the difference between the two types.
Customer-based corporate valuation (CBCV) = valuing a business on a "bottoms up" basis by valuing the customers. In a subscription business especially, this is an essential process if you want to understand if real value is being created despite a lack of current GAAP earnings.
"CBCV isn’t about being profitable from day one. It’s about variable profitability in net present value terms (while still being mindful of fixed cost overhead of course!)" Determining whether a specific business is a delicious cheesecake or a turd requires detective work.
Read 6 tweets
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“The Fasten Seat Belt sign is now illuminated. If you haven’t already done so, please check your cash and cash equivalent balances. Please lower your burn rate and make sure your defensive investments are in their full upright position.”
“If you find yourself needing an emergency exit from illiquid investments, please read carefully the special instructions card. Cash is more king than ever. If you can’t handle the haircut you are about to experience, please ask someone to do the selling to raise cash for you.”
“We remind you this remains an uncertain and no sympathy correction. No one knows anything for sure as is usual. Crying and whining is prohibited, including in the lavatories. Tampering with, disabling or destroying your brokerage statements is pointless and prohibited by law.”
Read 5 tweets

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Since I was a kid I wanted to watch "Close Encounters Of The Third Kind" by Steven Spielberg. Start the movie and first thing that comes up?

imdb.com/title/tt007586…

33 (x2 = 66)
#three #thirtythree #elevens #cabala #freemasonry #magic
Note the black on white/white on black for the numbers - inversion and opposites. 3 propellers.
When the little boy's record player starts playing. Lyrics begin "... of the shape of a square if you really want..." SQUARING THE CIRCLE
#freemasonry #magic #cabala #three #mysteryschools
Read 52 tweets
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In the name of the cursed warrior, the one who is a silent and timeless observer, powerful transplanetary communicator and the future narrator....let there be Truth...!
It was a regular day somewhere in the Deccan Valley. Just before the dawn in the overcast sky. The Leader who fought his way to the throne and defeated all formidable enemies of the Holy Land looked towards the sky as he was walking down towards the river for prayer rituals…
"Oh Parameshwara, be merciful...give me strength to take on and defeat the enemies of the Holy Land and stay with the Truth!"

A prayer zoomed passed his mind and soul...
Read 38 tweets
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Trump begins: "It was a big day yesterday, incredible day. And last night the Republican Party defied history to expand our Senate majority while significantly beating expectations in the House." They did not significantly beat expectations in the House.
Trump says they did well in the "midtown" election, then says, "and midterm."
Trump: "The candidates that I supported" had "tremendous success." He is pointing to the candidates he had rallies for. Left unsaid: the vulnerable House Republicans did not want him to have rallies for them.
Read 79 tweets
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A bookstore café Yoonjin au where Yoongi is the son of a multibillionaire owner of the biggest bookstore chain in Korea. Jin is the owner of this quaint bookstore named "Shop Around the Corner," because it is located just around the corner. Yoongi's grandpa (who started the
business) used to date Jin's grandma (who used to own his bookshop). Yoongi's company is going to open a branch just across the street from Jin's bookshop and Jin's shop is in danger of closing. Jin asks for help from his anonymous online friend whom he randomnly met one night
In a Studio Ghibli forum. He immediately hit it off with seoul152 (his ol friend's handle). They leave each other some short messages every day. Like these one:
Read 234 tweets
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@jennycohn1 @BrennanCenter @jorie_graham @LuluFriesdat @lizlhoward 💡”Steps you can take as a voter to walk into the polls with more confidence”:

1. Does our jurisdiction use DRE (Direct-Recording Electronic) voting machines?
@jennycohn1 @BrennanCenter @jorie_graham @LuluFriesdat @lizlhoward 💡”Steps you can take as a voter to walk into the polls with more confidence”:

2. Ask: Is there a paper backup of electronic pollbooks?
@jennycohn1 @BrennanCenter @jorie_graham @LuluFriesdat @lizlhoward 💡”Steps you can take as a voter to walk into the polls with more confidence”:

3. Ask: does our jurisdiction use machines with a paper trail?
Read 7 tweets
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This Day in Labor History: August 9, 1910. The electric washing machine is invented. A day late, but who cares, let's use this as a moment to talk about the history of unpaid domestic labor in the home, one of the most underrated issues in American labor history.
I am going to base all of this on Ruth Schwartz Cowan’s 1983 book More Work for Mother: The Ironies of Household Technologies from the Open Hearth to the Microwave.
Housework is the first form of labor humans are exposed to and through most of western history, it is the sector of work to which women have been delegated. The key transformation was the arrival of the Industrial Revolution to the home in the late 19th century.
Read 24 tweets

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