@sgrin77 is the Managing Partner at Lateral Capital, a fund focused on the African tech ecosystem with investments in @AutochekAfrica, @carry1st, and many more.
Before that, Steven was a Director in the Office of the President of Guyana.
This is my best Walt Disney impression. Here's where I hope The Generalist goes.
- Play w boundaries of "audience" + "creator"
- Multiplayer by default
- Build, invest, write in public
- Decentralize decision-making to community
- Be the platform for smart ppl to share thoughts
Since I'm not a very good artist, I can't compete with Disney's amazing original.
But I've done my best...
Meet some characters below ;)
First, the "Blue Whiskered Job Fox."
He just wants to get people into careers they really like.
The more people he helps find a job, the longer his whiskers grow.
Hearing of more founders selling secondary shares.
Some really interesting new incentives to think about:
- Founders don't have to sell to get rich
- Can 'swing for the fences' more
- Less downside in raising beyond means
- Upside in constant raising to 🔼 secondary prices
If I were an employee of a company where the CEO was aggressive at selling secondaries...I'd have a lot of questions.
- Should I be trying to sell my shares?
- Does the CEO believe in this long-term?
- What kind of signal does this put out to the market?
I think we're going to see a class of mega-wealthy founders that built...a fundraising company.
Folks that understand VC dynamics well enough to exploit them.
The result may be something like a "VC Ponzi Scheme."
A co that looks unbelievable on paper, but doesn't do much.