manojdv

7 ms·

1.
by manojdv 2y ago
excellent product
2.
by manojdv 6y ago
Amazing. I heard similar stories from other 2x founders.
3.
by manojdv 6y ago
1) Pools sizes are not fixed number and more over, founders can invite other companies to existing pool on a rolling basis 2) We have done modeling, obviously selection is the top determinant of payouts (20% avg. success rate vs 40% success
4.
by manojdv 6y ago
We are not splitting pools into themes. It was used as an example in the website. Founders get to choose the companies, so if all space tech companies want to band together, they can form a pool, its an option.
5.
by manojdv 6y ago
Thank you.
6.
by manojdv 6y ago
yes, accreditation rules apply and typically founders qualify by virtue of stock paper value. For employees, later stage companies tend to workout because of stock values.
7.
by manojdv 6y ago
Did you follow-on on all of your investments when they got hit by coronavirus?
8.
by manojdv 6y ago
Yes we support everyone and are geographic independent
9.
by manojdv 6y ago
Great idea and thanks for suggestion.
10.
by manojdv 6y ago
We cover all legal infrastructure and management costs. In the exchange, we reserve the right for a 10-20% (depending on pool risk) carry based on pool outcomes.
11.
by manojdv 6y ago
Right now, there are no costs for participating founders (we cover all legal infrastructure and management costs). In the future, we reserve the right for a 10-20% (depending on pool risk) carry based on pool outcomes.
12.
by manojdv 6y ago
Yes and no. Some founders want to diversify in other verticals, but a majority of founders we work with prefer their comfort zone, because they can evaluate startups better. Right now, we are not constraining in anyway and it might evolve
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by manojdv 6y ago
This is one of the most founder requested features in YC and also Sam Altmans new fund, Apollo is doing it.
14.
by manojdv 6y ago
Thats true. We would eventually want to grow this to support employees (think about building your own option portfolio) and student ISAs etc. We are right now emphasizing the community aspect rather than just the equity swaps because for fo
15.
by manojdv 6y ago
We are using this as a screening for adverse selection, but founders who are bootstrapped can also apply if they have proven traction (we have a few stellar startups who were highly ranked but never raised money)
16.
by manojdv 6y ago
1) We screen companies based on their quality, ex: a round raised within the last 3-6 months. 2) Founders get to interact with participating companies and rank them based on their insight. Only companies that are highly ranked get into a p
17.
by manojdv 6y ago
Good question, it will be multiple pools of close knit founder communities.
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FounderPool: A community for founders to share risk and diversify their equity(founderpools.com)
164 points by manojdv 6y ago|202 comments
19.
by manojdv 6y ago
Can this be done legally?
20.
by manojdv 7y ago
Stability is a misnomer when you have inflation. If algorithms can predict and adjust why isn’t Fed using them?
21.
by manojdv 7y ago
Very insightful. David marcus should read this.
22.
by manojdv 7y ago
well written
23.
by manojdv 7y ago
Awesome, please visit https://getportal.co and join waitlist
24.
by manojdv 7y ago
Thanks
25.
by manojdv 7y ago
Swaps are already operational in testnet and we demo'd them at various public presentations. Its currently in beta testing and will be launching in a few weeks into the app. Re: business model, product is free to use but there is a mak
26.
by manojdv 7y ago
Agreed.real value is Layer 2 swaps that are faster than coinbase without custody
27.
by manojdv 7y ago
it is totally non custodial. target audience is prosumer, not a whale
28.
by manojdv 7y ago
its also much needed, considering geopolitical risks to bitcoin
29.
by manojdv 7y ago
Thanks, coming out end of the month
30.
by manojdv 7y ago
thats true. at some scale it could become self fulfilling prophecy and at even larger scale, it can be used as a signal for market movement.

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