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- Wyre is done: https://blockworks.co/news/from-1-5-billion-to-0-crypto-payments-platform-wyre-shuts-down
- Over 60deg and sunny blue in nyc today. January 4th.
- Cleaned my boar’s hair brush and denham brush. Originally thought to clean them independently but they clean each other perfectly. Rigid denham pins clean the thicker boar much better than a comb. Scrub them face to face dry. Remove gunk. Soak face down in hot water with a little shampoo for 10min. Cold water rinse then air dry.
- Preferred stock.
- While common stock still provides a vote, preferred stock can do a lot more: board seats and board control, vote ratios, getting bought out first (even before founders, in the case of VCs sometimes), antidilution (can’t issue more without approval), guaranteeing the same % ownership in subsequent rounds (pro-rata), more.
- Titles.
- Remember that “founder” isn’t a title critical to the law.
- The titles that actually have legal implication and their associated processes are: Shareholders vote in the board (Directors) -> the board elects a CEO -> the CEO hires the executive team -> the executive team runs the business.
- Shareholders -> Directors -> Executives.
- When 2 people found the company, they’re both playing all 3 of those roles. But “founder” means nothing.
- Received fresh. Made 15 smoothies. Calculated all macros.
- Summary: each smoothie is around 400cal, 10g fat, 50g carbs, 40g protein.
- And then did the same for my homemade peanut butter protein bars.
- Summary: each bar is around 500cal, 40g fat, 20g carbs, 30g protein.
- Committed lines and submitted sbsc picks.
- Lots of private work.
