Imagine what it will be like if 5 years from now models have improved on Fable as much as Fable has improved on GPT3.

The stigma around founder secondaries is outdated and harmful.

Every time I advise a founder on taking secondary, I hear the same tired arguments against it:

1.    "You don't believe in your company if you sell early"
2.    "You'll get too comfortable and stop working hard"
3.    "It's complicated and distracting"

All three are patronizing nonsense.

Selling secondary should be just another financial transaction, no matter when it happens. Yet there's a near religious belief among many that it's somehow a moral failing.

The reality?

Founders with some financial security can take BIGGER risks, not smaller ones.

This is especially true for those with families or without other assets.

Here's a simple formula: Every time a company raises, allow founders to take up to 10% as secondary. This creates clear standards and acknowledges the reality of today's extended pre-IPO timelines.

The tail shouldn't wag the dog. Building a company is hard enough without pointless financial martyrdom.

What's your take - overdue correction or slippery slope?

Ader Finance est fier d'annoncer la Series B de 10 millions d'euros de @iSYBUY auprès de Eiffel Investment Group et @SWENCP

L'opération a été menée par @pascalmercier, @rctrd et Déborah Merran

Ader Finance est fier d’annoncer la Series A de 6 millions d’euros de @zestme_up auprès de Reflexion Capital et @GoCapital_FR

L’opération a été menée par @pascalmercier, @rctrd et @PierreJaisson, en collaboration avec Ivan Michal et @rvgarden

Super fundraising insights from @rctrd - including on average you need to speak to 29 VCs before getting a term sheet bit.ly/3DuSWEN

Schrödinger's term sheet:

A term sheet from a tier 2 VC that you have and don’t have at the same time until you tell who is leading the round.

emily in paris but she’s a late stage US consumer VC trying to invest in BeReal

I forced a bot to watch over 1,000 hours of startup pitch meetings and then asked it to re-create a startup pitch meeting of its own. Here is the first page.

Googling symptoms only tells you which diseases have the best SEO

RT if you (like me) start every spreadsheet with a silly narrow empty column and a silly empty row because your eyes hurt without some extra space.

Breaking! Google Translate adds new language, VC Speak.

I wish I could tell the internet that

- I accept all cookies.
- I’m never going to answer a survey on my experience.
- You can have my location,Always
- You can monitor my browsing and serve me more helpful ads.
- You can’t give me notifications.

And just be done with it all

Proud to announce we have closed a €4m round 💶 for @heuritechdata 🤖 with @Elaia_Partners @adetinguy 👱🏻‍♀️and @serenavc @LVerdillon 👩🏻 cc @pascalmercier @aderfinance @tpinville @CharlesOllion @CharlotteFann bit.ly/ader-heuritech

Therapist: And what do we do when we feel like this?

Me: buy a domain name for the side project idea we've had for 15 seconds

Therapist: No

🤖 Accounting is the job that will most probably become automated in the next 20y according to @McKinsey ... And @cfouques and his team are working towards it.
Welcome @georges_tech to the @alvencap family!
Congrats @jeremyuzan 👏

Those that invested super early believed in you

Those that invested later believed in your company

Those that invested much later believed in your market

New artwork for the office 😍😂📈 @aderfinance

🚀 @PayFit is officially available in the UK! 🇬🇧😀
You can now digitise, simplify and automate your entire Payroll management and HR processes 💪🏻
vimeo.com/312587993

I just backed UNOBRUSH - Toothbrushing Reimagined on @Kickstarter kickstarter.com/projects/10095…