Writing
Essays on money, markets and building software, and worked examples run through the money tools. Occasional, not scheduled.
- Where the Money Went A decade of too much venture capital is being worked off into fewer funds, fewer companies and fewer places. What venture returned against the bar it has to clear, who set the prices in 2021, the seed on-ramp, where the money lands and who it finds.
- What a down round does to an early employee’s options 150,000 options through a SAFE, a bridge note, three priced rounds and a sale, from $1.4M on paper to what a sale actually pays.
- Public RSUs in Manhattan or a seed startup in Austin? Two engineering offers after federal, state and city tax and cost of living, and the odds the startup equity needs to win.
- Renting vs. buying a typical home in Seattle A $760K house against a $3,490 rental for a couple earning $250K, over 30 years, and what it would take for buying to win.