every time i tell someone that my groupme co-founder and i have an arrangement where we have unconditionally committed a meaningful chunk of our equity in our ventures to each other in perpetuity, they initially think we are batshit crazy

maybe more people should be crazy like this

every time i tell someone that my groupme co-founder and i have an arrangement where we have unconditionally committed a meaningful chunk of our equity in our ventures to each other in perpetuity, they initially think we are batshit crazy

maybe more people should be crazy like this

https://jared.xyz/the-deal

@usv | jared.xyz | formerly founder of groupme and fundera 

coder / founder / investor Founding partner @FirstStarVC 

Loves: AI/ML, data, Bitcoin, climate, techbio, coffee, and pie.

Historically we have been on each other’s cap tables as individuals. We have been on each other’s boards as well. And we have LLCs that we use for investing.

very cool. how exactly do you execute it? is each of you on the other's cap table and have full voting rights? have other founders/investors raised concerned about it?

Genart collector. Tinkerer. Investor. Crypto maximalist. Nomadic traveler w/ my wife and 3 kids. Temporarily settled-ish in Spain

This is awesome. Thanks for sharing. 

The idea of scaling this level of trust within an asset management setting is alluring.

Have you given thought to how it might be done? It strikes me as a different trust-scaling problem to solve than Uber and AirBnB.

Cc @sydneyjason