If this reaches seven figures I will fly the winner to Miami, take them to McDonald’s for lunch and personally deliver my preowned underwear
https://t.co/RCUlyiVpfa
@ryancohen Hey I applied at 3 different locations, for seasonal, retail, and management positions, I haven’t even gotten an interview or heard back, got a newborn and really need work! Maybe you could text the CT branch and have them get back to me!
Dilution is not neutral and shouldn't be viewed as such. It's either positive or negative, good or bad.
In the world of VC-backed companies, dilution is such a normalized part of the journey that it is often passively accepted. This often leads to the negative form of dilution such as capital raised for:
-inefficient sales and marketing spend
-R&D supporting technology searching for a market
-layers of unnecessary organizational overhead
-supporting broken business models
-vanity valuations
-etc...
However, dilution has a positive and accretive expression as well such as capital raised for:
-scaling efficient go-to-market efforts
-product and channel expansion with clear ROI
-deleveraging and strengthening the balance sheet
-accelerating market share gains for a sound business model
-transformative investments (e.g. M&A, R&D, capex)
-etc...
Therefore, dilution should neither be passively accepted nor should it be categorically prohibited. It shouldn't be viewed as always positive or always negative because it can be either. The purpose and quality of the use of capital is what ultimately defines the merit of any dilution.
“Perfection is impossible. In the 1,526 singles matches I played in my career, I won almost 80% of those matches. Now, I have a question for you: what percentage of points do you think I won in those matches? Only 54%. In other words, even top ranked tennis players win barely more than half the points they played. When you lose every second point on average, you learn not to dwell on every shot. You teach yourself to think, ok, I double faulted, it’s only a point. I came to the net and got passed again, it’s only a point. Even a great shot, an overhead backhand shot that ends up on ESPN’s Top 10 Play list, that too is only a point. Here’s why I’m telling you this, when you’re playing a point it has to be the most important thing in the world, and it is. But when it’s behind you, it’s behind you. This mindset is really crucial because it frees you to fully commit to the next point and the next point after that – with intensity, clarity, and focus.”
- Roger Federer