Skip to content
Due Dilly

The money is always talking. We help you listen.

Subscribe form

Featured issues

Carl Joseph-Black
Carl Joseph-Black

The Dime๐Ÿ’ฐ - Fenty's Future

We did a whole episode on beauty companies. Tap in.

Rihanna built a beauty empire with LVMH's money๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ „ธ๓ „š๓ „›๏ธ‰๓ „๓ „๓ ‡ญ๓ „‡๏ธŽ๏ธ‰๓ … ๓ …‹๏ธ…๓ †ฒ๓ „ผ๏ธˆ๏ธ‡๓ …Œ๓ „“๓ …Ÿ๓ „‘๓ †ฌ๓ ‡ฆ๓ „ฎ๓ †˜๓ „”๓ †ช๓ …ฉ๓ †๓ „˜๓ †ป๓ †จ๓ ‡ ๓ †ณ๓ …ฝ๓ ‡ก๓ ‡‹๓ ‡—๓ …”๓ ‡…. Now LVMH wants out, and the leading bidder is a firm co-founded by Jay Z๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡”๓ †„๏ธ‰๓ …š๓ †œ๓ „’๓ …๓ …ต๓ †ฝ๓ „ฃ๓ …ง๓ †—๓ „๓ †น๓ ‡ซ๓ …Ÿ๓ †Š๓ „ท๓ †ท๓ †ฅ๓ …–๓ †ฑ๓ †๓ ‡…๓ …ค๓ …–๓ …ฟ๓ ‡ช๓ …ฎ๓ „–๓ ‡˜๓ „™๓ …ต๓ †ฆ๓ †ฏ๓ „๓ ‡๓ „จ๓ ‡„๏ธ‰. You can't make this stuff up.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †ท๓ ‡€๏ธŒ๓ †ธ๓ †ณ๓ …๓ †ฎ๓ …ฏ๏ธŠ๓ †๓ †š๓ ‡ค๓ ‡‹๓ …Ž๓ …ฅ๓ ‡ˆ๓ „‚๓ †“๓ „ข๓ „ž๓ …ฃ๓ † ๓ †ƒ๓ …Ž๓ …ถ๏ธ†๓ …ถ๓ †ธ๓ †‡๓ „ฝ๓ †ต๓ …ฃ๓ …€๓ …‘๓ …พ๓ …ฅ๓ …ถ๓ …๓ …ฆ๓ „ฆLet's break down what's actually happening, who MarcyPen Capital Partners really is, and the number everybody is dancing around: the discount.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †œ๓ „œ๓ „ฟ๓ …‹๓ †–๓ †ผ๓ †ฏ๓ …๓ ‡‚๓ …ฑ๓ „ ๏ธŒ๓ …Š๓ …ค๓ †ท๓ ‡˜๓ ‡ก๓ …ท๓ ‡Ž๓ „†๓ ‡๏ธ…๓ …ฐ๓ „•๓ „—๓ ‡…๓ † ๓ …Œ๓ „ฎ๏ธŒ๓ „‡๓ …ž๓ ‡“๓ …ฝ๓ …ช๓ „จ๓ „Š๓ „ท๓ …ท๓ „žQuick intro if you're new here๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡‰๓ …ง๓ ‡Œ๓ …ก๓ …ฉ๓ …›๓ …Ÿ๓ …ต๓ …ฌ๓ †‚๓ „ผ๓ …˜๓ …Œ๓ †บ๓ „ฟ๓ †ป๓ †š๓ †œ๓ …ฅ๓ ‡›๓ …œ๓ „ช๓ †ฒ๓ …”๓ †ด๓ ‡๓ …ฅ๓ „๓ „—๏ธ๓ …ต๓ †ง๓ …ฌ๓ †˜๓ ‡‰๓ †ท๓ ‡จ๓ …†๏ธˆ๓ …ข. I'm Carl, by day I run Joseph Black Law PLLC, a New York Law practice where I work on startup and venture capital transactions, entertainment and music deals, and investment fund structures๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡ซ๓ „ฑ๓ ‡ˆ๓ ‡’๓ †ฅ๓ ‡™๓ „Ÿ๓ †ˆ๓ †ฉ๓ †„๓ „จ๓ „ก๏ธ‰๓ ‡“๓ ‡š๓ …›๏ธ๓ ‡˜๓ †ฌ๓ † ๓ †Š๓ †„๓ …๓ …•๓ ‡™๓ …ฎ๓ „๓ †ƒ๓ ‡›๓ „ค๏ธ๓ ‡ซ๓ †“๓ …ช๓ …ฑ๓ †๓ …ผ๓ ‡‹๓ „๓ „บ. By night, and honestly during a lot of stolen lunch hours, I write The Dime๐Ÿ’ฐ.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ „…๓ †ฆ๓ †•๓ …Œ๓ „Ž๓ ‡ฉ๏ธ‹๓ „™๏ธ‹๓ †›๓ ‡‰๓ †ธ๓ „ฑ๓ †ถ๓ †ต๓ †ท๏ธ๓ „๓ …ฌ๓ †˜๓ „ญ๓ …‘๓ …ก๓ …„๓ †ฅ๓ …๏ธ๓ „‘๓ †ธ๓ „ด๓ †Ÿ๓ …ˆ๓ ‡ฆ๓ „‹๓ †ž๓ … ๓ …ณ๓ …ญ๓ ‡˜๓ †กThe Dime๐Ÿ’ฐ exists for one reason: the most interesting financial stories in America run through culture, and almost nobody covers them with both the spreadsheet and the source material open at the same time๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †ž๓ ‡‚๓ „ป๓ †จ๓ „ถ๓ †ฑ๓ „ต๓ „๓ „ฌ๓ †ฏ๓ ‡š๓ „–๓ „ข๓ †Š๓ †๏ธƒ๓ …ค๓ ‡ฆ๓ …ณ๓ „‰๓ „ฉ๓ †™๓ †ฐ๓ †๓ „ƒ๓ †๓ …ฟ๓ …Ž๓ …›๓ ‡จ๓ „„๓ †ด๓ †›๓ †…๓ †›๓ „ฐ๓ „ฝ๓ †–๓ …„๓ †ฉ. The music press

Read more
Carl Joseph-Black
Carl Joseph-Black

The Dime๐Ÿ’ฐ- The Jalen Brunson Effect

In the summer of 2024, Jalen Brunson signed a four-year, $156.5 million extension with the Knicks๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ … ๓ „‡๓ †€๓ ‡‘๓ ……๓ ‡ญ๓ „ก๓ …ซ๓ …“๓ „“๓ †„๓ …ฏ๓ ‡ฅ๓ „™๏ธŒ๏ธ‹๓ †›๓ „ฝ๓ …•๓ †๓ …ซ๓ ‡ค๓ „ฎ๓ „ถ๓ †—๓ †ท๓ …”๓ ‡Ž๓ …ธ๓ …ฐ๓ †—๓ †œ๓ †ฝ๓ †ฅ๓ „๓ …€๓ …Ÿ๓ …‹๓ †ฏ๓ „ช. On the surface that sounds like a lot of money๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ „จ๏ธ†๓ …ฌ๓ ‡๓ „ฎ๓ …˜๓ …“๓ ‡š๓ …ฝ๓ †™๓ „Œ๓ …‘๓ ‡€๓ „ญ๓ †ต๓ …๓ … ๓ †‹๓ ‡ž๓ ‡ฅ๓ † ๓ …๓ …ช๓ „๓ †ฉ๏ธ๓ … ๓ †Œ๓ †ต๓ „“๓ „ฝ๓ ‡ ๓ †ฎ๓ ‡“๓ †ข๓ ‡Š๓ …ญ๓ „…๓ ‡š๓ †. And it is๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …Œ๓ †ช๓ „ฑ๓ …ถ๓ …—๏ธ๓ …ฟ๓ ……๓ „Š๓ …๓ †ช๓ „†๓ ‡Š๓ ‡œ๓ †ฎ๓ „Š๓ „š๓ „ฌ๓ †Ÿ๓ …ˆ๓ ‡ž๓ †จ๓ „ˆ๓ …€๓ „ฉ๓ … ๓ …ƒ๓ ‡ฆ๓ …๓ …จ๏ธŠ๓ „ง๓ †ฝ๓ ‡†๏ธ„๓ ‡†๓ „Š๓ …„๓ †๓ †ถ. But context matters here๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …‘๓ †ซ๓ „ธ๓ „ฆ๓ ‡๓ …ท๓ †ฒ๏ธŽ๓ †ด๓ ††๓ …พ๓ †ฐ๓ „ฑ๓ „ข๓ †ญ๓ ‡ฆ๓ ‡œ๓ ‡ฌ๓ „ฌ๓ ‡๓ †„๓ …๓ …ฐ๓ ‡„๓ †›๓ …ถ๓ „”๓ †Ÿ๓ …Ÿ๓ …พ๏ธ๓ „ˆ๓ „ฉ๓ †ผ๓ „จ๓ ‡—๓ ‡Ž๓ „ญ๓ ‡•๏ธŠ. He was eligible for a five-year, $269 million max deal the following offseason๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …‹๓ …ฑ๓ „ƒ๓ „ฐ๓ …ž๓ …ฌ๏ธ‰๓ ‡†๓ „ฌ๓ „จ๏ธ๓ „๓ †ผ๓ ‡ฌ๓ †–๓ ‡œ๓ ‡ž๓ ……๓ ‡ฃ๓ …ญ๏ธ‹๓ …‰๓ †ฏ๓ †ฃ๓ †ฒ๓ †Š๓ †๓ ‡ง๓ ‡๓ †ž๓ …‡๓ …ฏ๓ …ฃ๓ „Œ๓ …”๓ „‘๓ †ฏ๓ ‡œ๓ †ฌ๓ ‡Ž. He walked away from it๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡„๓ „ธ๓ †๓ …ณ๓ †จ๓ †—๓ †บ๓ ††๓ ‡ฉ๓ „’๓ †‚๓ †ฅ๓ …๓ †™๓ …ผ๏ธ‚๓ †๓ †ก๓ †ˆ๓ „’๓ †Œ๓ „ผ๓ „„๓ …ข๓ …‚๓ …ฏ๓ …บ๓ …บ๓ ‡˜๏ธ…๓ „Ž๓ „ป๓ †ฆ๓ ‡•๓ ‡ง๓ †”๓ …“๓ †ค๓ ‡จ๓ ‡. Voluntarily๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …ค๓ …”๓ ‡‚๓ „…๓ „ญ๓ …ญ๓ …ป๓ …›๓ †š๓ ‡ž๓ ‡Ÿ๓ „™๓ †ฏ๓ …๓ ‡ฉ๓ …ถ๓ ‡ช๓ †š๓ „๓ †น๓ …Ÿ๓ „œ๓ …Œ๓ †š๓ …๓ †ƒ๏ธ๓ …ฏ๓ …ฒ๓ ‡œ๓ …ฝ๏ธŠ๓ „ฎ๓ „ƒ๓ „ด๓ †๓ „ž๓ „น๓ …ฉ๓ ‡–. That is a $113 million headline gap, or roughly $37 million in real near-term dollars when you account for the fourth-year player option he kept๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡„๓ …‡๓ ‡”๓ …„๓ ‡Ÿ๓ …ฐ๓ …๓ ‡”๓ …‚๓ …š๏ธ‰๓ …ฝ๓ †„๓ ‡•๓ †ฅ๓ …Ž๏ธˆ๓ „’๓ …Ÿ๓ …ฆ๏ธ‰๓ …ง๓ †ต๓ „•๓ †ธ๓ „ด๓ ‡Ÿ๓ „‰๓ ‡ก๓ „™๓ „ช๓ †ฉ๏ธ€๓ …€๓ …๓ †ฉ๓ „†๓ †ฅ๏ธ†๓ …’. Either way you cut it, no NBA star does this.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …˜๓ †๓ …Œ๓ ‡“๓ …ธ๓ „„๓ „ ๓ …ท๓ †ท๓ ‡„๓ ‡ฃ๓ †‹๓ „๓ …ญ๓ †ฅ๓ †จ๓ ‡ก๓ „ช๓ †›๓ …Ÿ๓ …™๏ธ‚๓ „•๓ …ง๓ †—๓ †Œ๓ „๓ †ฎ๓ ‡š๓ †ป๓ ‡จ๓ †š๓ ‡™๓ „…๓ …ถ๓ „บ๓ …Ž๓ …•๓ „•๓ …ปThe reason he gave๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †ก๓ …•๓ …–๓ …‡๓ †‹๓ …ญ๓ …‡๓ †ช๓ …†๓ … ๓ …ฟ๓ ‡™๏ธ‚๓ †ข๓ ‡‘๓ †ฅ๓ „ˆ๓ „–๓ ‡ค๓ „ฎ๓ ……๓ …š๓ „ก๓ ‡ฃ๓ †ฉ๓ ‡Ž๓ …„๓ †ง๓ ‡Œ๓ „’๓ …ฝ๓ †น๓ …ข๓ †ป๓ ‡๓ ‡Ž๓ „ฑ๓ …๓ „ธ๓ †“? He wanted to win๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ „ซ๏ธ‚๓ †ด๓ ‡œ๓ „ฌ๓ ‡‚๓ †๓ †‚๓ „ฐ๓ „š๓ …‰๓ „š๓ ‡จ๓ ‡’๓ …ฉ๓ ‡Ÿ๓ †‚๓ „๓ ‡๓ „ฆ๓ †Œ๓ „พ๓ †–๓ ‡ก๓ ‡Œ๓ „ด๓ †๓ …ฅ๓ „ฆ๓ ‡…๓ …ˆ๓ …ค๓ „ƒ๓ †ฉ๓ †บ๓ ‡ƒ๓ „•๓ …๓ ‡๓ „Œ. And he was honest about the psychology of it too๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …‡๓ „ถ๓ …ถ๓ …ช๏ธˆ๓ †Ž๓ …š๓ ‡Ž๓ …Ÿ๓ „๓ „š๓ †Š๓ „›๓ …ณ๓ …ถ๓ †ฅ๓ †”๓ „ฆ๓ „๓ †ค๓ „‘๓ †Ÿ๓ †ด๓ „…๓ …ฟ๓ ‡Ÿ๓ †ฅ๓ ‡†๓ „ต๓ ‡ซ๓ ‡๓ †ž๓ †›๓ „ช๓ †ค๓ †น๓ …ฅ๓ …‹๓ „ผ๓ †ฌ. Playing without a contract hanging over his head freed him up mentally๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡š๓ †ค๓ ‡ก๓ …ฌ๓ †ด๓ …œ๓ „ฉ๓ …Œ๓ ‡†๓ †Œ๓ ‡’๓ †ธ๓ ‡ช๓ …˜๏ธ๓ †Œ๓ …Ÿ๓ …ธ๓ „ƒ๓ …ฑ๓ „๓ „ช๓ „ ๓ ‡‘๓ †•๓ †น๓ ‡›๏ธ๓ †ซ๓ ‡”๓ †ง๓ ‡ซ๓ …Š๓ „™๓ …ธ๓ …ฒ๓ …ง๓ †ธ๓ †‰๓ „ช. No pressure to perform for a paycheck๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡๓ †ซ๏ธŠ๓ …ฃ๓ †ƒ๓ …ฃ๓ „ซ๓ ‡๓ „ท๓ …™๓ „ฐ๓ „’๓ …Œ๓ †˜๓ …ข๓ ‡‡๓ ‡ฆ๓ „˜๓ ‡—๓ „ณ๓ „•๓ …–๓ „ˆ๓ „๓ †ฎ๏ธŽ๓ †‹๓ „ค๓ ‡Š๓ †ข๓ „ฆ๏ธ…๏ธŒ๓ ‡‚๓ †๓ …ž๏ธ‰๓ ‡๏ธ๓ †ค. Just basketball๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †‰๓ ……๓ …ฆ๓ †ป๓ …—๏ธ‹๓ …๓ †˜๓ …•๓ …ฉ๓ „ฎ๓ ‡‹๓ †˜๓ …๓ †น๓ ‡‹๓ †€๓ ‡ฎ๓ …‡๓ ‡ช๓ „š๓ …ฃ๓ †ž๓ …๓ „ฏ๓ ……๓ „’๓ †Œ๓ „Ž๓ ‡‘๓ ‡•๓ …๓ …ฃ๓ ‡จ๓ „“๓ †ท๓ †„๓ †๏ธ…๓ …€. That mindset showed up in his game and it showed up in the Knicks' results๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡๓ …ˆ๓ „‘๓ „ญ๓ †‚๓ †”๏ธˆ๓ ‡ฆ๓ †ฟ๓ „ฝ๓ „ผ๓ …ž๓ ‡ฎ๓ …ฆ๓ „บ๓ †š๓ …ฉ๓ ‡ญ๓ ‡ค๓ ‡ฏ๓ …ƒ๓ …ข๓ „‘๓ „œ๓ „ค๓ …ซ๓ …—๓ ‡๓ …‹๓ „ฉ๓ †ฅ๓ ‡ฅ๓ „€๓ …™๓ „ฒ๓ „ญ๓ „‘๓ †ค๓ ‡›๓ †‰. Here's this week's edition of The Dime๐Ÿ’ฐ, the

Read more
Carl Joseph-Black
Carl Joseph-Black

The Dime๐Ÿ’ฐ- Your "Investment" Might Be Worth Nothing

Anthropic, one of the most valuable private companies on the planet, published a warning on its official support page that sent shockwaves through the pre-IPO investment world๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …ฑ๓ ‡’๓ †๓ …ฑ๓ „”๓ †ž๓ …ผ๓ …ฏ๓ †ฐ๓ †Œ๓ „ˆ๓ „ด๓ …ฅ๓ …ฏ๓ …˜๓ „ฐ๓ …Ÿ๓ †ด๓ „ฃ๓ ‡Ž๓ ‡ช๓ „บ๓ „ถ๓ „‰๓ …Ÿ๓ †‹๓ ‡”๓ †ฝ๓ †Œ๓ „ถ๓ …ท๓ ‡€๓ …ž๓ †ฆ๓ …œ๓ †ป๓ ‡Ž๓ ††๓ …Š๓ †ข. The warning was about people selling what they claim to be Anthropic shares๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …‹๓ †ง๓ „ณ๓ … ๏ธ‹๓ …ฎ๓ …ช๓ …–๓ …œ๓ ‡Œ๓ †ผ๓ „ ๓ ‡†๓ †ฏ๓ ‡‘๓ †ฅ๓ ‡ฌ๓ ‡๓ †Ž๓ ‡ซ๓ „Ž๓ „๓ „‚๓ †ฒ๓ ‡Œ๓ „Ž๓ †‹๓ …ค๓ …™๓ …ถ๓ †๓ …‹๓ ‡Ÿ๓ ‡ฌ๓ ‡จ๓ …˜๓ ‡๓ …•๓ „ค๓ …•. And the message from Anthropic was blunt.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …ต๓ „‚๓ …ฎ๓ ‡ข๓ † ๓ …๓ „ฉ๓ …จ๓ … ๓ ‡ ๓ …น๓ „ฆ๓ †Š๓ „ค๓ †–๓ †ด๓ „พ๓ ‡‡๓ „Ÿ๓ „๓ …ˆ๓ ‡๓ ‡ฅ๓ „ฌ๓ „…๓ †จ๓ †ฉ๓ …Œ๓ „ณ๓ ‡ฉ๓ „ฏ๓ ‡Š๓ …ถ๓ ‡ค๓ ‡†๓ †Ž๓ „จ๓ †ผ๓ „จ๓ …ฌ"Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, that has not been approved by our Board of Directors is void and will not be recognized on our books and records๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †ค๏ธ๓ ‡ˆ๓ „ฅ๓ …ค๓ †๓ „ฎ๓ „ท๓ …ฎ๓ †’๓ …๓ ‡ฌ๓ …ซ๏ธ๓ ‡๓ „‰๓ „˜๓ †…๓ …ถ๓ †ข๓ „”๓ „‘๓ „…๓ „พ๓ †ฝ๓ „ธ๓ …“๓ ‡’๓ „พ๓ „ช๓ …ฆ๓ „ถ๓ †ป๓ …†๓ …ฉ๓ „๓ ‡–๓ …€๓ „ฝ๓ †Ÿ."

(Anthropic Support Page, support.claude.com)

Void๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ „–๏ธƒ๓ „๓ „ค๓ …น๓ „—๓ †๓ „‘๓ †’๓ …บ๓ †ฆ๓ „๓ …‘๓ „”๓ †ญ๓ „จ๓ „ฝ๓ …š๓ ‡ข๓ ‡ก๓ „œ๓ …ณ๓ †ฉ๓ †๓ †–๓ ‡–๓ †๓ ‡๓ …š๓ …๓ †ฐ๓ …ช๓ †ฑ๓ …ป๏ธ„๓ ‡—๓ †ต๓ †ค๓ „ƒ๓ †ซ. Not voidable๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …‡๓ „ƒ๓ ‡š๏ธ„๓ „‹๏ธ๓ ‡š๓ „พ๓ †€๓ …๓ ‡๓ †ค๓ …ญ๓ †๓ †€๓ †ฏ๓ …‰๓ ‡‚๓ „—๓ …’๏ธ‰๓ ‡ญ๓ …ค๓ †…๓ …๓ ††๓ †ฝ๓ †‘๓ †š๓ ‡—๓ …Ÿ๓ †Ž๓ …ง๏ธ๓ „ค๓ „ญ๓ …ฐ๓ †ฎ๓ ‡˜๓ „•. Not disputed๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …„๓ †น๓ „ถ๓ „ซ๓ „Ž๓ „š๓ …‚๓ ‡›๏ธ‰๓ ‡”๓ †œ๓ … ๓ †–๓ †Ž๓ „„๓ †ก๓ „˜๓ ‡Œ๓ †ท๓ †ด๓ †ฆ๓ „†๓ †๓ „ฌ๓ …๓ „›๓ †€๓ †…๓ †๓ ‡๓ †›๓ „ฅ๓ †ˆ๓ …๓ ‡Œ๓ „—๓ ‡Ž๓ †ฉ๓ ‡ค๏ธ…. Not "subject to review." VOID๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡ƒ๓ …Ÿ๏ธƒ๓ „ž๓ „ฝ๓ „’๓ †™๓ ‡Š๓ …ƒ๓ „ป๓ „‹๓ „ถ๓ ‡ฏ๓ „ท๓ †ป๓ „†๏ธˆ๓ …ป๓ †ฃ๓ …‚๓ …ช๓ ‡‹๓ †ธ๓ „ง๓ ……๓ …œ๓ ‡ฆ๓ ‡ญ๓ „ช๓ „ฏ๓ „ฐ๓ „‹๓ „”๓ †ต๏ธ€๓ …ญ๓ …†๓ „›๓ †’๓ †ฎ. As in, the transaction never happened๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ „๓ „–๓ „ค๓ †ท๓ „ท๓ „‹๓ „…๓ „พ๓ ‡†๓ †ก๓ ‡˜๓ †š๓ …ฅ๓ ‡ž๓ „ฏ๓ ……๓ …ฒ๓ ‡Œ๓ …Œ๓ …•๓ „Š๓ „ฒ๓ …ต๓ „ผ๓ †“๓ ‡•๓ ‡จ๓ †’๓ ‡๓ ‡ž๓ †ฝ๓ „—๓ „๓ „›๓ ‡†๓ †‡๏ธ‚๓ ‡ค๓ …ž๓ †ป. As in, if you paid money for it, you might not own anything.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡†๓ …Š๓ „น๓ …€๓ …ผ๓ †จ๏ธ‚๓ „ฉ๓ …ฎ๓ †Š๓ „„๓ …ณ๓ ‡ž๓ †๏ธ‹๓ „ƒ๓ „ฆ๓ …Š๓ ‡ ๓ …ค๓ „ซ๓ †ฅ๓ …ฆ๓ „ก๓ ‡›๓ ……๏ธŽ๓ †“๓ …ฆ๓ …ผ๓ …œ๓ ‡ค๓ †—๓ „ฒ๓ „Š๓ †๓ …š๓ …ฌ๓ †ผ๓ …šAnd then Anthropic did something nobody expected๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ „จ๓ …ข๓ „ซ๓ „ƒ๓ ‡™๓ …น๏ธ‹๓ „ฅ๓ …ž๓ †ฆ๓ …ฝ๓ …ท๓ †ต๓ …‹๓ „š๏ธ†๓ …ฑ๓ „…๓ …ž๓ †ฉ๓ ‡ฅ๓ †ง๓ †ถ๓ „ฎ๓ „ซ๓ „๓ …Š๓ …™๓ „๓ ‡”๓ „ก๓ „ฆ๓ ‡Œ๓ †”๏ธ๓ „น๓ ‡ ๓ … ๓ …๓ †. They named names.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †ต๓ ‡๓ „ก๓ …๓ †๓ † ๓ ‡ž๏ธƒ๓ †จ๓ „œ๓ †๓ †ฝ๓ ‡ฎ๓ †ค๓ ††๓ †˜๓ ‡•๓ ‡ฌ๓ ‡˜๓ „๓ „ณ๓ †๓ „ˆ๓ †ต๓ …›๓ ‡๓ …ฃ๓ …ƒ๓ „œ๓ ‡’๓ …ฅ๓ „„๓ †ผ๓ †พ๓ „พ๓ …ˆ๓ ‡‰๓ …น๏ธŽ๓ †ˆEight platforms, specifically Open Door Partners, Unicorns Exchange, Pachamama Capital, Lionheart Ventures, Hiive (new offerings), Forge Global (new offerings), Sydecar, and Upmarket, were

Read more
Carl Joseph-Black
Carl Joseph-Black

The Angel List

Finding funding can feel like searching for a secret club with no address๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ „ธ๓ …š๓ ‡’๓ ‡‹๓ …–๓ ‡ข๓ „ฐ๓ ‡‘๓ …†๓ ‡œ๓ …พ๓ …ผ๓ †ก๓ …จ๓ …๓ †Ÿ๓ …ต๓ †บ๓ ‡ฌ๓ †•๓ †ก๓ †๓ „ค๓ …‡๓ „„๏ธˆ๏ธŒ๓ †ค๓ ‡‚๏ธ‡๓ „š๓ „ซ๏ธ๓ „๓ „ฏ๓ †ช๓ ‡„๓ „ฝ๓ …๓ †ถ. We did the legwork, so you don't have to๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡‘๓ ‡ข๓ ‡‚๓ ‡š๓ †ฏ๏ธŒ๓ ‡ซ๏ธ‹๓ „ด๓ „๓ …„๓ ‡จ๓ „ท๓ …ฆ๓ „ฌ๓ „ฎ๓ ‡ช๓ …‘๓ …๓ „ ๓ …๓ „“๓ …ฒ๓ …ญ๓ †น๓ †ฆ๓ „ˆ๓ „‹๏ธ๓ „…๓ ‡˜๓ …ซ๓ „ต๓ ‡ˆ๏ธ€๓ †ผ๓ ‡ ๓ „บ๓ …๓ †‹. Here's who's writing checks, where they're based, and how to get in the room.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๏ธŒ๓ ‡Œ๓ „ฒ๓ „ฆ๓ …ค๓ †ฑ๓ ‡ซ๓ ‡ญ๓ …ข๏ธŒ๓ †ง๓ ‡ซ๓ †ซ๓ …ฒ๓ †ฟ๓ †ค๓ …ฃ๏ธŒ๓ ‡Ž๓ „ธ๓ ‡‡๓ „ข๓ ‡™๓ †ฆ๓ „ช๓ †€๓ †๓ …–๓ … ๓ …๓ …ถ๓ „ฎ๓ „ช๏ธ๓ …ธ๓ „ง๓ …ง๓ …๓ …ป๓ ‡‰Born Inside Google

Black Angel Groupโ€” Started as an informal collective of Black Googlers and Alphabet employees who decided to pool their capital and put it behind seed to Series A startups worldwide๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡›๓ …น๓ ‡Ÿ๓ ‡’๓ …ป๓ „š๓ …ข๏ธ‰๓ „๓ †ฅ๓ …‡๓ ‡ˆ๓ †ฉ๓ „”๓ ‡ฎ๓ †‡๓ †„๓ ‡—๓ †ธ๓ ‡ค๓ „’๓ „ค๓ „Œ๓ …ฑ๓ „ด๓ …ฆ๏ธŒ๏ธˆ๓ †ท๓ „ด๓ †ฝ๓ „ซ๓ †บ๓ ‡‚๓ …ข๓ †‘๓ „“๓ …ฅ๓ „•๓ …‹. Now 50+ members strong with affiliates across the US and Europe, including senior leaders from Google Cloud and Gradient Ventures๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …๓ ‡„๓ …ต๓ …ต๓ „‘๓ ‡๓ …ฏ๓ „ž๓ †ข๓ ‡…๏ธƒ๓ ‡„๓ …•๓ „ถ๓ „ง๓ †ฏ๓ ‡ฆ๓ †๓ ‡ญ๓ †‹๓ …ฌ๓ „ˆ๓ „ฟ๓ ‡ฅ๓ „ฅ๓ „ข๓ „—๏ธˆ๓ †ธ๓ † ๓ ‡๓ „น๓ ‡Œ๓ …ก๏ธ…๓ †–๓ †„๓ …‚๓ „ฐ๓ †€. About half their portfolio companies are led by underrepresented founders, not because it's the rule, just because diverse networks source diverse deals๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …๓ †ฟ๓ „€๓ …ญ๓ ‡…๓ †ญ๓ „ข๓ …๓ †–๓ …ฟ๓ „จ๓ ‡™๓ …œ๓ ‡๓ ‡–๓ …๓ †ž๏ธ€๓ „…๓ „ƒ๓ …๓ „๓ …Œ๓ „ก๓ ‡–๓ …—๓ †ธ๓ …“๓ ‡—๓ ‡“๓ †…๓ …•๓ †ซ๓ ‡–๓ … ๓ ‡Ÿ๓ …๓ „ฒ๓ …Ž๓ ‡Ž. The mission is simple: more Black capital, more Black investors in the ecosystem๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ ‡•๓ „ด๏ธ๓ …ท๓ „ฟ๓ …š๓ †๓ ‡๓ …ค๓ „ถ๓ †•๓ „Ÿ๓ ‡ž๓ ‡ญ๓ †Ž๓ … ๓ …ป๓ „—๓ †พ๓ ‡“๓ †ฎ๓ …ฅ๓ …ฆ๓ †™๓ „ƒ๓ …ค๓ „˜๓ „ผ๓ †ต๓ „๓ ‡๓ …๓ †‡๓ ††๓ „ค๓ ‡›๓ „’๓ …–๓ ‡จ๓ †„. If you're building something ethical at the seed stage, this is one of the most valuable rooms you can get into.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …ซ๓ „ญ๓ ‡ฎ๓ ‡”๓ …ด๓ …ซ๓ …”๓ …™๓ ‡Ÿ๓ …’๓ †ท๓ …—๓ „บ๓ „ป๓ „ฎ๓ „จ๓ „œ๓ „ฐ๓ …ช๓ …ฆ๓ †ฉ๓ …œ๓ „ณ๓ …๓ „‰๓ †จ๓ …ฐ๓ †—๓ „ค๓ „ฌ๓ …ฃ๓ †ด๓ …ž๓ …ข๓ „€๓ †ƒ๓ „ง๓ …ณ๓ „ณ๓ …ฎGoogle for Startups Black Founders

Read more
Carl Joseph-Black
Carl Joseph-Black

The Dime๐Ÿ’ฐ - Bankruptcy Lessons

I'm not a bankruptcy attorney, but a friend of mine is one at Kirkland & Ellis๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๏ธƒ๓ †๓ †‚๓ „ซ๓ …‡๓ „๏ธ‚๓ „‰๓ …ถ๓ …›๓ „ด๓ „Š๓ …ด๓ …ต๏ธ„๓ „ฆ๓ „š๓ ‡๓ „š๓ †˜๓ „๓ „‘๓ ‡›๓ ‡Ž๓ ‡‡๓ „œ๓ …น๓ „ ๓ „ช๓ †ฑ๓ …๓ …ช๓ ‡’๓ ‡ก๓ „„๏ธ€๓ „š๓ †„๓ †Š๓ „š. So every time I think about catching up with him, I read a few bankruptcy cases to carry a conversation for our catch up๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †พ๓ …ฝ๓ …Œ๓ …Ž๓ …๓ …–๓ …ธ๓ …ฑ๓ …‘๓ †ด๓ ‡จ๓ ‡…๓ …ƒ๓ ‡Ž๓ †๓ „„๓ „œ๓ †ผ๏ธ‚๓ „ป๓ †ก๓ †ฟ๓ †ฌ๓ †๓ …Ž๓ …–๓ †ฆ๓ ‡˜๓ †บ๓ …๓ …น๓ „๓ …Š๓ †ƒ๓ †Ÿ๓ „ฅ๓ „‘๏ธ๓ „‚๓ „ฌ. One bankruptcy was really interesting this year๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๏ธˆ๓ „Š๓ †Ÿ๓ „๓ …˜๓ †ท๓ †ฌ๓ ‡ƒ๓ …’๓ …‡๓ †ฉ๓ …ฐ๓ †ฒ๓ …ฟ๓ „–๓ …๓ „ฐ๓ ‡‘๓ „œ๓ „๓ …œ๓ „“๓ ‡ช๓ …ข๓ „”๓ †ฆ๓ …ซ๓ „๓ †๓ ‡•๓ „๓ …น๓ „น๓ …™๓ „ž๓ ‡€๓ … ๓ †ต๓ †บ๓ †ช and I learned some stuff about it which I felt would be fun to share.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๏ธŽ๓ ‡ฎ๓ „›๓ ‡€๓ „†๓ „ฝ๓ …™๓ †ฝ๓ …ญ๓ †’๓ …ž๓ „›๓ …•๓ …Š๓ …ฌ๓ …›๓ „Œ๓ †๓ „ƒ๓ „ฑ๓ ‡Ž๓ ‡Œ๓ ‡›๓ … ๓ †ฅ๓ „ฌ๓ … ๓ ‡๓ †˜๓ …•๓ †…๓ †–๓ „ฌ๓ †€๓ „‘๓ †ฌ๓ †‹๓ …‰๓ ‡ฅ๓ ‡ŽFood52 filed for bankruptcy๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †ฐ๓ „ฝ๓ …๓ …น๓ „ฌ๓ †›๓ „’๓ ‡ช๓ ‡€๏ธŠ๓ …ฌ๓ ‡‚๓ … ๓ †‡๓ ‡ค๏ธ๓ †€๓ „–๓ „ฏ๓ ‡ข๓ …๓ †ฆ๓ „ฅ๓ ‡ฏ๓ …ฎ๓ …๓ …บ๓ ‡๓ †ช๓ †ฆ๓ †‡๓ …ญ๓ …ฃ๓ …ต๓ …ง๓ „๓ †ญ๓ …ง๓ „œ๓ †ผ. The brand you probably know from those beautiful kitchen photos and the cookware you bookmarked but never bought๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …˜๓ †ผ๓ †‰๓ „„๓ †ท๏ธ๓ …Œ๓ „จ๓ „…๓ ‡„๓ †„๓ „‡๓ „•๓ …‚๓ „‡๓ …œ๓ …๓ ‡‹๓ „๓ †ฉ๓ „†๓ …†๓ ‡—๓ †Œ๓ …ป๓ †ผ๓ …ƒ๓ …™๓ …›๓ …๓ „‚๓ †ฃ๓ …—๓ „‡๓ „ค๓ …พ๓ …“๏ธ„๓ …‘๓ †ป. Yeah, them๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †ฐ๓ ‡•๓ †ก๓ ‡…๓ „‘๓ …ป๓ „ท๓ „ธ๓ †–๓ †ฏ๓ ‡ฎ๓ „พ๓ „ท๓ …ฃ๓ „ฃ๓ …ฏ๓ ‡‹๓ „–๓ …‡๓ …’๓ ‡ฃ๓ ‡“๓ „”๓ †๓ …Ÿ๓ ‡ก๓ …๓ …ƒ๏ธ„๏ธŒ๓ „ฌ๓ †ต๓ …ฒ๓ ‡…๓ …ด๏ธˆ๓ „Œ๏ธ‚๓ „€๓ ‡. They filed for Chapter 11 in January of this year and needed money to keep the lights on while they figured out their next move๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …•๏ธŒ๓ †…๓ †Ž๓ …ง๓ „‚๓ „’๓ †‘๓ ‡ก๓ „บ๏ธ‹๏ธ†๓ …ช๓ †–๓ †œ๓ „Œ๓ „ก๓ ‡๏ธ†๓ …ž๓ …‚๓ ‡–๓ † ๓ …‘๓ …–๓ …จ๓ „˜๓ „Ž๓ †๓ †ฝ๓ †๓ „›๓ …ฒ๓ †‚๓ …œ๓ †๓ „š๓ …ƒ๓ „…๓ †ฝ. That money is called DIP financing, and the way they structured this particular deal is what caught my eye.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †ฒ๓ †ฃ๓ …Œ๓ †๓ †’๓ †Ž๓ ‡Ÿ๓ ‡Ž๓ …ถ๓ „ป๓ …„๓ †š๓ †ˆ๓ „ ๓ ‡‰๓ †ฏ๓ ‡ง๓ ‡Š๓ …๓ …Ÿ๓ †ก๓ …ผ๓ „ด๓ †Š๓ „ฟ๓ †น๓ „ฎ๓ …ฅ๓ ‡ˆ๓ …Ÿ๓ „›๓ †ฏ๓ „๓ „Ÿ๓ †ท๓ …ฑ๓ „ฑ๓ ‡…๓ †จ๏ธ„Let's get into it๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ „—๓ …๓ …ฉ๓ „พ๏ธ‰๏ธ†๓ …ฃ๓ „Š๓ ‡ข๓ †๓ …๏ธ‰๓ †‘๏ธ‚๓ …Œ๓ †ญ๓ „บ๓ …ช๓ †ฒ๓ „ฟ๓ „ธ๓ †ˆ๏ธŠ๓ †‡๓ ‡š๓ „“๓ †ป๓ …‚๓ …ณ๓ „˜๓ „˜๓ †ฝ๓ †š๓ †ˆ๓ ‡”๓ „ผ๓ „ค๓ „ฝ๓ …˜๓ „จ. Here's this week's edition of The Dime๐Ÿ’ฐ.

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ †ฎ๓ ‡‹๓ †ซ๓ „‰๓ ‡ก๓ …ท๓ …ž๏ธŒ๏ธ‹๓ †๓ ‡Š๓ †˜๓ „ฏ๓ ‡ž๓ †Œ๓ †ต๓ †ญ๓ „‚๏ธ€๓ …ƒ๓ …†๓ „ฌ๓ …—๓ ‡™๓ „—๓ …„๓ …„๓ „ ๓ „ต๓ †˜๓ „€๓ †‹๓ …ค๓ †ฟ๓ †œ๓ †พ๓ „ฑ๓ …ต๓ „จ๓ ‡กFirst, What the Hell is DIP Financing?

๓ ‡Ÿ๓ ‡ ๓ ‡ก๓ ‡ข๓ …Ÿ๓ …ฌ๓ „•๓ ‡ฉ๓ ‡ ๓ …ท๓ …ฃ๓ „ธ๓ ……๓ †๓ ‡€๓ …ฅ๓ „›๓ …๓ ‡€๓ ‡™๓ †ก๓ „ค๓ „ฉ๓ ‡ฉ๓ ‡ข๓ „ง๓ †จ๓ †ป๓ „™๓ „ฃ๓ „˜๓ †ง๓ †ฎ๓ „Ÿ๓ ‡Œ๓ „ท๓ „˜๓ „†๓ ‡Ž๓ …๓ …œ๓ „ผ๓ …บ๓ †บDIP

Read more
Carl Joseph-Black
Carl Joseph-Black

The Dime๐Ÿ’ฐ- It's All Connected

You don't work in tech. You don't know what a NAV loan is and you don't care. You're a teacher in Ohio, a nurse in Atlanta, a union electrician in Pittsburgh, a firefighter in Phoenix. You've been putting money into your pension every single paycheck for fifteen years and you're counting on it being there when you retire.

Here's what nobody told you.

That pension? Your state pension, your union retirement fund, your university endowment if you work in higher education, your 401k if you work in the private sector? It is almost certainly invested in private equity funds, venture capital funds, and private credit funds. And those funds have spent the last decade betting HEAVILY on software companies.

The California Public Employees' Retirement System, CalPERS, the largest public pension in the United States with $502 billion in assets, allocates billions to private equity. The Teacher Retirement System of Texas

Read more
Carl Joseph-Black
Carl Joseph-Black

The Dime๐Ÿ’ฐ: Software Ate The World. Now AI is Eating Software.

In August 2011, venture capitalist Marc Andreessen wrote an essay in the Wall Street Journal that became one of the most quoted pieces in the history of Silicon Valley. The title was simple: Why Software Is Eating the World. His argument was that software companies were going to take over enormous chunks of the global economy, and that every industry had better wake up or get eaten alive.

He was right. Amazon ate retail. Netflix ate video rental. Spotify ate the music store. Airbnb ate hotels. Uber ate the taxi industry. Software didn't just show up to the table, it ate everybody else's food, ordered dessert, and asked for the check.

For the next decade, the smartest money in the world bet heavily on software. Venture capital poured in. Private equity firms built entire strategies around it. Valuations went through the roof. A company that could show recurring subscription revenue,

Read more
Jonathan Jackson
Jonathan Jackson

Why OpenAI bought a livestream (you probably haven't heard of) for $150M

๐Ÿ’ก
Two weeks ago, one of the largest media acquisitions of the loudest acquisitions of the year happened: OpenAI bought a livestream show called TBPN for over $100M. It felt worth writing up some thoughts about both the deal, and what it does and does not represent. All thoughts my own, unless they're data points.

What is TBPN ?

A creator-led media startup โ€” a daily, three-hour live tech talk show hosted by entrepreneurs Jordi Hays and John Coogan. TBPN had 11 employees, 58,000 YouTube subscribers, and generated $5 million in ad revenue in 2025. They were on track to clear $30M in 2026. Put a nice media multiple on that ( around 2-4x) and you easily get to $100M+ acquisition price.

Whoโ€™s the audience?

The technology industry: Tech founders, VCs, executives, and the Silicon Valley ecosystem. Itโ€™s a hit there, so capital flows easily, because what the Valley may lack

Read more
Jonathan Jackson
Jonathan Jackson

The $100B PDF: How Paramount Is Fighting Netflix

The story of Hollywood isnโ€™t art. That existed long before (and will long after) this current iteration is transformed. The story of the Hollywood we know, is about studios being bought and sold, and in between, producing things we watched. A lot of those buyers, we would be shocked at. For instance:

In the 1950s, a music label called Decca, purchased Universal Studios.

NBC later merged with Universal, and then Comcast took itโ€”all to say: institutions trade studios like assets, because they are.

The battle for Warner Brothers is about much more than movies, but we donโ€™t have to act like it the first time something like this has happened.

This analysis focuses on Paramountโ€™s case to the Warner Bros. shareholdersโ€”and how a presentation, positioned wellโ€”while Netflix plays the parallel public game.

But to do that, you need a deck that tells people why

Read more
Carl Joseph-Black
Carl Joseph-Black

The Dime๐Ÿ’ฐ- Jamaica is the Financial Innovator of the Decade

It is not every day that one of the most sophisticated financial innovations in the world comes out of a Caribbean island rather than a Manhattan skyscraper, but that is exactly what happened when Jamaica, through Dr. Nigel Clarke, built a catastrophe bond to insure itself against hurricanes. Instead of waiting for international relief, hoping for grants, or borrowing money when the roof is already blown off the economy, Jamaica pre funded its own disaster recovery. In simple terms, the country convinced global investors to take the financial hit if a major storm hits Jamaica, not Jamaican taxpayers. If the hurricane qualifies, Jamaica collects the cash immediately. If it does not, investors get their money back with interest. That is not charity, that is contract law and capital markets working as climate defense. It is finance as survival strategy. This week I get to tell you all about it. Here's this week's edition of The Dime๐Ÿ’ฐ.

Read more
Carl Joseph-Black
Carl Joseph-Black

The Dime๐Ÿ’ฐ - The Unicorn Algorithm

Read more
Carl Joseph-Black
Carl Joseph-Black

The Dime๐Ÿ’ฐ - Fawn Weaver, Uncle Nearest, and the Hidden Powers of Lenders

If youโ€™ve been following headlines, youโ€™ve probably heard about the court filings involving Uncle Nearest, the whiskey company celebrated for honoring the legacy of Nathan โ€œNearestโ€ Green, the formerly enslaved distiller who taught Jack Daniel. But beneath the headlines about culture, brand equity, and leadership, there is a much more technical and sobering lesson for founders: how the very credit agreements that fuel growth can also put your companyโ€™s fate in the hands of lenders. Here's this week's edition of The Dime๐Ÿ’ฐ.

This case is a real-world example of what happens when debt meets default, and why every founder should think twice before signing a loan agreement they do not fully understand. The past few days I've been reading both the complaint by the lender (Farm Credit Mid-America, PCA) and the response by Fawn Weaver. I have attached them below for download so please feel free to

Read more

Latest issues

View all issues