First it’s important to acknowledge that investing is super specifc to the person and their situation - our stories, needs, obligations, goals etc are each unique and therefore blanket advice isn’t super helpful
And this off the bat is an issue with FAs…
Can they really tailor a strategy to your needs and the needs of all of their other clients in a way that may diverge from their own personal beliefs
And no, some Merrill Lynch tool where you plug in inputs and it spits out portfolio construction is not sufficient
1/ There’s been a lot of talk on here about the @Mailchimp (MC) exit and the relative fairness of it to their employees
As a founder/CEO of a bootstrapped company approaching 9 figures in revenue, I wanted to share my thoughts and approach as someone going through similar
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2/ First, before diving in I wanted to preface with a few points
1 - Mailchimp objectively is likely top 5 startup execution of all time from founders perspective
2 - We don’t have the full picture
3 - They achieved what they did with the team comp they had
3/ So let’s dive in…
I think it’s first important to provide some of MC’s historical context
MC, like many bootstrapped companies stumbled into its eventual model over time