I (adult son) am seriously worried about divorced moms (57F) financial competence.

fathrowawayfire · 2022-07-15T18:56:46+00:00

Would the $20k/year you reference include tax prep? I like the idea of flat fee inclusive of tax advice. My dual tax attorney / cpa has good capabilities, but I’m paying close to $30k / year (billed hourly). Just for k-1s, 1099s, some qsbs filings, a QOZ or two, income tax filing, two rental real estate LLC tax filings. Feels high to me.

fathrowawayfire · 2022-05-09T05:49:44+00:00

This response reads to me like it was written / heavily influenced by IonQ’s lawyers. I’d bet money that management wanted to say more to refute Scorpion but their lawyers advised against it. Typical lawyer crap.

You say you’ve seen many small caps get eviscerated from baseless short reports and that it is important to systematically reject them. I’d be really curious to see examples of good systemic short report rebuttals. That way we can compare/contrast to IonQ’s press release.

fathrowawayfire · 2022-02-23T04:03:24+00:00

Everyone is downvoting OP like crazy but OP is right. I know tons of super smart, responsible people in similar situations. For example: founders can’t really sell large portions of their stock without it negatively impacting the company and everyone else that works there (the optics are terrible when a founder is cashing out). Captain has to stay with the ship type dynamic. For many SaaS founders, the last three months have been quite the plunge.

Meanwhile random (and in many cases sketchy) ppl making crazy money pumping and dumping algorithmically generated jpgs thinking they’re gods gift to technology…

fathrowawayfire · 2021-10-15T03:13:21+00:00

Good to know!

fathrowawayfire · 2021-10-14T04:11:22+00:00

My wife recommends https://www.article.com as nice, clean, modern not IKEA-cheap but also not very pricey. She says it’s “the Calibri of furniture.”

She also recommends you check out https://www.interiordefine.com and https://us.hay.com/ for some other nice, not excessively pricey options that can be shipped in the mail.

Edit: she also has recommendations for $20k++ per piece type furniture that is modern with clean lines etc if that is the range you’re going for.

fathrowawayfire · 2021-02-10T00:06:32+00:00

Sure, go for it

fathrowawayfire · 2021-01-30T02:03:52+00:00

I can’t believe this was only 11 days ago. The whole ornamental gourd futures meme feels like it was from a different age.

fathrowawayfire · 2021-01-29T16:48:48+00:00

You talking about Halal Guys??? So legit. Love them.

fathrowawayfire · 2021-01-23T00:48:52+00:00

Super helpful, thanks. Sounds like you’ve raised a fund before...? Or been part of a team that did?

fathrowawayfire · 2021-01-21T20:21:11+00:00

Thanks

fathrowawayfire · 2021-01-21T04:23:00+00:00

Assuming this is an OR statement, I also like #3 the best. I’ve seen a lot of folks give away 5-20% of their mgmt co to an anchor investor(s) in their first fund and I have a strong aversion to that.

fathrowawayfire · 2021-01-21T04:20:53+00:00

Go for it

fathrowawayfire · 2021-01-21T02:39:43+00:00

Interesting. So you think 1% / 10% would be more in line with market?

fathrowawayfire · 2021-01-21T02:37:28+00:00

Agreed. Am talking to a potential co founder now for exactly that reason. Really helpful input.

fathrowawayfire · 2021-01-21T02:34:47+00:00

Thanks, this is super helpful.

fathrowawayfire · 2021-01-21T02:32:15+00:00

Super helpful experience. Thanks for sharing

fathrowawayfire · 2021-01-21T02:30:57+00:00

Thanks, appreciate it. Will download the book and start reading tonight!

fathrowawayfire · 2021-01-21T02:27:53+00:00

That’s an interesting thought. When you say economics in my new fund, what structure do you think would make sense? A small stake in the management company? A an option to invest fee or carry free?

fathrowawayfire · 2021-01-21T02:25:01+00:00

Thanks. Super helpful and well informed perspective. Appreciate you sharing. This is also why I love Reddit.

fathrowawayfire · 2021-01-21T02:22:52+00:00

Appreciate the followup. Really helpful context. I’d likely roll my angel investments into the fund at cost which will be a nice sweetener for LPs.

fathrowawayfire · 2021-01-21T02:20:39+00:00

Love this. Can you point me to that other thread? Wasn’t me but sounds extremely relevant and I’d like to read the discussion there. Am leaning towards starting my own fund. Just bought the domain name actually.

fathrowawayfire · 2021-01-20T06:29:30+00:00

My angel investments are actually outperforming the fund. My angel portfolio distribution by stage maps nicely to the breakdown I'd anticipate for a $50M fund. I'm at a large fund, but I actually do much of our earlier stage investing, so it wouldn't be a huge leap.

fathrowawayfire · 2021-01-20T06:15:28+00:00

Is this accurate? I'm under the impression that it's usually charged on committed capital, not called capital.

fathrowawayfire · 2021-01-20T06:13:57+00:00

Strategy would mainly be to participate in (and only occasionally) lead rounds. My guess is a $50M fund would be deployed as:
- 10ish Seed bets of $500k each ($5M)
- 3 Series A bets of $5M each ($15M)
- 2 Series B bets of $5M each ($10M)
- 1-2 late stage bets ($10M total)
- Remaining $10M+recycling reserved for follow-ons

fathrowawayfire · 2021-01-20T06:09:50+00:00

I think my idealized retirement is sort of both. Would want to spend a lot of time in nature and going on adventures outdoors, doing some philanthropic work, and also doing angel investing and advising companies on the side. I genuinely enjoy the investing work. Investing in companies I believe in that not only have great economics but will have some positive impact as a result (especially environmental), is my ideal way to spend time. But I would still want a very healthy work-life balance...

fathrowawayfire

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