PhatMoby

Passionate about music (indie, hip hop, alternative, rock), crypto/blockchain/web3 and science (go James Webb!)

[PhatMoby @PhatMoby]

@SSPU @LADdesign @butchvig Just getting into it - you can only hear a song for the first time once!! Great music, really liking it. Come to Lisbon!!!

[PhatMoby @PhatMoby]

@bgilliam1982 Back in the day, we were also strict about the use of "for" and "at". You bid for a stock/asset. e.g., $10 for 50k shares (a buy order without even needing the word "buy"). You offer stock/assets at a price. e.g., 50k at $10.

[Watcher.Guru @WatcherGuru]

BREAKING: 🇹🇷 Turkey's annual inflation reaches 73.5%, the highest it’s seen in 24 years.

[PhatMoby @PhatMoby]

@awhyit @waitbutwhy And it was probably 8am.

[PhatMoby @PhatMoby]

@84pg @asanwal It's just one of the many tools of pricing: pref multiple, valuation, accruing dividends, participating vs non-participating, governance rights, etc. All just pricing.

[PhatMoby @PhatMoby]

@newplatonism @asanwal No. In an IPO the cap table is smashed flat. The VC's just convert to common and get their pro rate (along with founders). The preferences effectively fall away. In a trade sale though, the preferences stay in place.

[PhatMoby @PhatMoby]

@asanwal It's just pricing. As an investor you could fight for a lower valuation or fight for a 2x multiple (can avoid a down round this way). There's also participating preferred and accruing dividends. All pricing.

[PhatMoby @PhatMoby]

@RamiElghandour @asanwal In a downside, the 1x doesn't normally get anything - it all goes to creditors (who are ahead/above the cap table)

[PhatMoby @PhatMoby]

@thatgerald @asanwal I've seen as high as 7x. When the company is in trouble and only one or two investors will step up and keep the dream alive, well, you can get a 7x on the cap table. All investors on the cap table that don't participate (in the 7x round) are crushed by the round.

[PhatMoby @PhatMoby]

The new album by @kendricklamar is brilliant.

[PhatMoby @PhatMoby]

@CryptoKaleo If you liked it at $0.70 you will surely love it at $0.35

[PhatMoby @PhatMoby]

@Jack_Raines @tferriss The US Govt runs the School of Language Studies (SLS) which trains government employees in a number of different languages. 24-30 weeks for the easy languages and 88 weeks for the hard ones.

[PhatMoby @PhatMoby]

@Jack_Raines @tferriss The Mormons, with their MTC school that teaches 50 different languages that are learned within 6-9 weeks, would surely disagree with your first point

[PhatMoby @PhatMoby]

https://t.co/56JRZW01GX

[PhatMoby @PhatMoby]

Love the guitar riff https://t.co/KK4gpLWYcn

[joyformidable @joyformidable]

The dog 😂

[PhatMoby @PhatMoby]

@ColdWarKids Lots of great music there!! Thanks.

You only get to hear a song for the first time once. So listen well people!

[PhatMoby @PhatMoby]

https://t.co/Xxzg1tpEcx

Great new album from @ColdWarKids

[PhatMoby @PhatMoby]

https://t.co/vhFXnKYojN just 2 weeks away
@sfoutsidelands

[PhatMoby @PhatMoby]

White Denim at ⁦@indysf⁩