Big Red Car here musing about how founders can get paid for the uncompensated work they do in launching their business.
A startup may cycle through bootstrapping, friends & family, angels, syndicated angels, seed VC funding, Series A/B/C/D funding.
At some time, they will be able to pay themselves some kind of living wage – the question is when?
Today, the Big Red Car shares an idea whose time has come: the Founder Note Receivable.
Big Red Car here in the ATX — bit chilly today, gray and forebooding. Dum de dum dum, y’all! Like a scary movie soundtrack.
So The Boss gets talking to four of his brilliant CEO clients, all founders of their companies. Out of the cradle but not quite threatening the NYSE just yet. Still successful enterprises and persons.
The topic is the compensation of founders during those fragile days when the company is running primarily on the nutritional value of Ramen noodles, Mountain Dew and coffee. Continue reading
Big Red Car here. OK, you know you need to move to Austin. Whew, got that out of the way.
Let’s discuss the dynamics of location in the startup world. Continue reading
THIS IS AN INSTANT REPLAY OF WHAT WAS THE MOST POPULAR BLOG POST BY FAR FOR THE CY 2013
Big Red Car here. The Boss and I had a nice long ride today. It was a bit cloudy but warm. I love a good ride through a warm afternoon. Continue reading
Big Red Car here. Oh, just another great, sunny, warm day in the ATX. Got the assignment to drive down to Old San Antone yesterday unexpectedly. The Boss had a last minute little crisis he had to deal with and since it was a nice sunny day, we went top down flying along Texas 281 through the edge of the Hill Country.
If you have never taken the “back way” to San Antonio and the Henley Cut, Old Sport, you are in for a treat. On the way back [we had been at the Dominion Country Club on business out far northwest of town], we took the real back way up to Blanco and, my friend, that is some damn pretty country. Right in the Hill Country and one of the most historic and scenic parts of Texas. Old Comanche country.
It was something special and everybody has a bit of sun on their faces today. Oh, yeah, had an excellent TexMex lunch at Barrio’s on Blanco Road — check it out.
Big Red Car here. Bit cloudy yesterday but today promises to be clear and hot. Oh boy! Just the right weather for a bit of top down driving, eh?
So we have been chatting about the C Level Employment Agreement, breaking it down into its constituent parts and we’ve been chatting about compensation.
Big Red Car here on a decidedly drippy and wet Saturday morning. Ugh. Haha, Big Red Car, get your mind right, you say. This is late May when we get our beloved rains and our lakes fill up.
Alas, the Big Red Car is a very, very, very self-centered Big Red Car and thinks only about those handful of days in which he cannot run wild with his top down and his hair on fire. Ahhh, it is great to be a Big Red Car.
Big Red Car here. So, we were talking about the provisions of the C level employment agreement. We last spoke about the definition of the “position”.
Do you recall that? Here it is: “C” Level Employment Agreement — Position
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