It’s been quite a past few days in the social media jungle, hasn’t it? Unless you’ve been trying to colonize Mars or bore a tunnel under the 5 freeway in Los Angeles you’ve probably heard about Elon Musk trying to buy Twitter.
Twitter’s board doesn’t want that to happen and is making like a captured spy and adopting poison pill tactics. It has come to light that the board owns collectively less than 2% of the company raising questions about management’s interests and how they align with shareholders.
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In the startup space, this typically isn’t an issue as company founders and early employees often own large percentages of their companies. Investors’ interests are closely tied to those of the people managing the companies, which keeps everyone on the same page and working towards a common goal.
Startups led by founders and employees with high ownership stakes have a competitive advantage over those beholden to outside interests who may only be looking for a quick flip rather than building a sustainable company that can grow for years and decades to come. As I look for my next startup investment, I have to consider who my fellow owners will be, and if their interests will be complementary or competitive with my own.
It will be fun to watch the Twitter saga play out over the coming days, but consider it a cautionary tale for companies whose boards and management teams don’t have much skin in the game.
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ThisWay Global is more than an Ai software to help you pick a good restaurant on a road trip. This Ai is for JOBS!.
Angela Hood, CEO, and Founder of an Ai SaaS startup that eliminates bias from the hiring process.
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Google & IBM ever heard of them?
Recently, ThisWay was selected as a Google Accelerator company & just a few days ago announced a major partnership with IBM.
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I sat down and interviewed Angela, and she shared all about how Google helped her implement a change in the company in just under three months- that her team had been working to do for ten years. And she pulls back the curtain on what the IBM partnership means for ThisWay.
They currently have an open fund raise campaign on WeFunder.
So if you are interested in learning more about their vision, technology or even want to ask Angela and her team questions, you can do that HERE.
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+ Maybe rename it Worse.com? – Better.com has laid off half its workforce since December (link)
+ I am the one who knocks – Knock offers financial services to the Seattle market (link)
+ Are the rooftop panels NFTs? – SolarMente combines blockchain technology with solar energy (link)
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