Financial instruments matter, but we’re flexible! We’re willing to transact on SAFEs, Convertible Notes and formal Equity Rounds, in either Primary or Secondary, buying either Common or Preferred.
However, in theory, the master principle in finance is alignment of incentives. The best investors obsess over how to stay aligned with founders, as founders naturally favor the most aligned firms, who then disrupt the VC industry and outperform (like ‣).
So, in practice, we’re open to crazy ideas. Like exploring flexible alternatives to existing instruments, like these three ideas which we’re open-sourcing… based on a simple observation:
There’s only one way to fire your investors:
buybacks.