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[ISABELLA @IsabellaForum]

Women understand money is about more than about numbers. It’s about #relationships...with ourselves, with others, and our careers. #Wellbeing #GetUrMoneyRight #WT19

[Startup Archive @StartupArchive_]

Vinod Khosla and Sam Altman on how much equity to give your first 10 employees

In the early days of Sun Microsystems, Vinod Khosla recruited elite talent, hiring people like Andy Bechtolsheim, Bill Joy, and Eric Schmidt. Many people from Sun went on to start or run billion-dollar companies.

Sam Altman asks Vinod how he convinced these people to join him when Sun was just a small startup.

Vinod replies:

“I see this as a major problem nowadays. People aren’t allocating equity widely enough. I think among the first three or four founders at Sun, we kept less than half of the common. The total was something like 25-27% for the founders, an equal or slightly larger chunk for everybody else we would hire, and then investors had like 40% after the A round. In retrospect, that was a very good idea.”

When his son Neil founded the AI startup Curai Health, Vinod advised him to keep only 15% of the company rather than 45% and try to hire one or two people at 15%. Then he advised him to leave 30% of the pool for non-founders.

Vinod explains his reasoning:

“Even though they’re coming in later and they didn’t come up with the idea, they will be incredible resources, especially as magnets to attract other people. If you believe a company becomes the people it hires, then your task becomes attracting the best people, and selling depends on magnets.”

This what Vinod did with Bill Joy. Vinod gave Bill half his equity even though Bill joined later:

“Bill Joy was an incredible magnet. People wanted to work with Bill and Andy. And even if Bill didn’t do a day of work, he was more than worth it because he helped attract Eric Schmidt. I don’t think Eric would have come work for me as a 25 year old.”

Sam Altman agrees on Vinod’s philosophy of maximizing the size of the pie rather than your ownership percentage:

“I think this is the most important piece of advice we’ve talked about among many important things today. Being super generous with early employee equity and getting founder-quality people in the first 10 employees—I think all the evidence is on the side of doing this, and yet almost no one does. So there’s a huge edge if you’re willing to do it.”

Vinod argues it’s the “single-most important thing to do in the first six months of a company.” The best people can start their own companies. If you want them to join your company, you have to be generous with equity.

Video Source: @ycombinator

[John Hittler @EvokingGenius]

@integritycdn My wife and I have separate everything, except for our "house" account, where we split all of the costs of maintaining our home.

For context, we both came to the second marriage with our own assets, and her 2, and my 5 kids. We did not think it fair to merge estates.

[The Economist @TheEconomist]

Although buying inflation-protected bonds to protect against inflation does not seem unreasonable, it would have been a spectacularly unprofitable move during the latest bout of inflation.

What is the point of the bonds? https://t.co/ISwyTtmGFq 👇

[ISABELLA @IsabellaForum]

At some point, university education no longer makes value sense in the age of AI.

[Laura Purkess @laurapurkess]

I know this is nothing new, but I just checked my student loan and it's just comically absurd - I've been charged 3x as much interest as I've paid off so far this year; my total loan is almost £10k bigger than when I left university. Completely futile @SF_England

[Josh @JoshuaOgundu]

She sold her company for $25M and breaks down who made what in the transaction

[ISABELLA @IsabellaForum]

Cases like this happen all too often in “modern” marriages. This isn’t equality. It’s not even equity. #marriagefinance

[ISABELLA @IsabellaForum]

@Kusal_CFP @AlanJLSmith Except properties don’t always increase in value over time. They may increase in value over a PERIOD of time, but as we’re seeing in England now, properties can decrease in value. And for those w/cladding issues, they have not been able to access their investments for years now.

[Sky News @SkyNews]

The Bank of England is set to impose another interest rate hike on the UK economy today, the 12th consecutive increase in its battle to curb rampant inflation https://t.co/uM8GfQYKCy

[Chloe @chllse_k]

I borrowed £46k and graduated in 2018. Seems normal .

[Misha @mishadavinci]

3. Blockchain and Money by MIT Sloan professor @GaryGensler

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[Fiona | The Millennial Money Woman @The_MMW]

I studied personal finance for 11,923 hours so you don’t have to.

These are the 19 most important lessons I learned:

[Matt Allen @investmattallen]

I never make an investment without doing a deep dive into every aspect of a stock's financial situation.

You have to understand their finances to make an educated investment.

[Matt Allen @investmattallen]

Accounting is the language of investing.

Understanding how each of these 3 financial statements are connected is crucial for seeking stock investment opportunities

[Matt Allen @investmattallen]

How to analyze a:

-Cash Flow Statement
-Balance Sheet
-Income Statement

In less than 3 minutes:

[ISABELLA @IsabellaForum]

Free wine and food.

[Zopa Bank @Zopa]

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Join us and our panel to discuss all things money and cost of living related alongside a glass of wine and lots of free food 🍕🍷

To get your tickets, follow the link:
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[Tony Dowling @TonyDowling]

“what might contribute to living to 96.
Statistically speaking, wealth is almost certainly the most important factor…”
#bbcpm #QueenElizabeth #QueenElizabethII #QueueForTheQueen #Queue #TheQueue

[Madison Marriage @miss_marriage]

Extremely interesting thread on Nadhim Zahawi’s tax claims:

[Sahil Bloom @SahilBloom]

When you're young, you are a "time billionaire”—rich with time.

Too many people fail to realize the value of this precious asset until it is gone.

Treat time as your ultimate currency—it’s all you have and you can never get it back.

[Sahil Bloom @SahilBloom]

Wealth is about more than money.

There are 5 types of wealth:
• Financial
• Social
• Physical
• Mental
• Time

But if you're not careful, the blind pursuit of financial wealth can rob you of the others.

Let’s walk through each to form a more comprehensive view of wealth:

[Nathan Barry @nathanbarry]

Misconception: Life insurance > disability insurance

Reality: Disability insurance is more important than life insurance.

If you become disabled you lose income, may require care, & still have to save to retire!

Disability insurance supplements your income when you can’t work.