One of the things I'm surprised isn't covered more is the liquidation preference that VCs take... an investment is basically an extremely expensive loan.

If shit hits the fan, they are entitled to the payout of up to their original investment, so all of the company's assets, when liquidated, fund those proceeds.

If your company succeeds, the VC owns a percentage of your success.

The reason for that is that there is very high likelihood that the "loan" will never be paid back. It is just a market. As far as I understand from the statistics, VC's are not making great money, on average. Average startup gets the funding, uses it for salaries and everything else, and never pays the investor any substantial amount back.

The interest rate on the loan, is your ROI. This is reasonable because it's a very risky loan.

> If shit hits the fan, they are entitled to the payout of up to their original investment, so all of the company's assets, when liquidated, fund those proceeds.

I thought all loans are structured that way? I am not sure why this should not be the case here.

Agree, as much as we hate AI-generated content, what’s to say that the content isn’t helpful to some in some instances?

Also, as long as search engines do their job, engagement on high quality pieces will always justify having a human write art

Can you think of a single example how AI generated blogspam can be useful? I cannot. It's all just noise and bullshit.

> as long as search engines do their job

lolololololol, funniest thing i've read all day.

Non-competes were invalid in the state of California, and now are in the entirety of the U.S. [1]

[1] https://www.ftc.gov/news-events/news/press-releases/2024/04/...

What about NDAs? Are those not enforceable too?

The "personally meaningful to me" spells to me that it's probably a personal project?