Some interesting links we found across the web this week:
How Pro Rata Works in Venture Capital
Deals
VC's suffer from FOMO just like the rest of us.
TechCrunch explores how investors use pro rata rights to
keep a foot in the door for the next round.
How Convertible Notes Drive Founders Away From
Emerging Ecosystems
Convertible notes (and SAFEs) let founders and funders kick the can
down the road in terms of valuing an early stage startup, but
VentureBeat argues unpriced rounds are also kicking
startups out of smaller markets and incentivizing them to move to
places like the Silicon Valley or NYC.
US Banking Regulator Not Ready for Fintech Charter
Applications
You down with OCC? FinTech's might not be—at least when
it comes to the proposed FinTech charter. Reuters and
US News discuss the difficulty the OCC is facing in
creating special banking charters for FinTech companies looking to
disrupt traditional banking.
The New Path to Starting a Hardware Startup:
Lessons Learned From a Crowdfunding Approach
Hardware has always been harder, but new technologies and
crowdfunding has made getting a hardware startup off the ground
easier than ever. Forbes discovers how Kickstarter and
similar platforms have altered the path taken by many early stage
hardware innovators.
Young Troublemakers Who Rise (and Fall) as
Entrepreneurs
Moving fast and breaking things doesn't mean the law (or
standards of human decency). The New York Times
looks at those former high-flying startup CEOs whose propensity for
disruption have landed them in trouble with their boards and even
the legal system.
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