July 4th Linkblog: Don’t Fake FOMO When Fundraising, 50 Cent on Success, Miss Texas on Reproductive Rights, +++
A few reads for an American holiday
In Conversation with 50 Cent (Carvell Wallace/Vulture) – 20 years later and reading his name still triggers memories of In Da Club’s opening beats. This interview is less well-nigh his musical legacy and increasingly well-nigh how 50 created a tv and mucosa production empire. And of course, the Vitamin Water deal
“We found out it was a privately owned visitor in Queens, and I’m once running virtually making increasingly money than — look, you got to imagine how rich you are when you’re making well-nigh $32 million running virtually on tour. From where I was at? Think well-nigh the transition. I stopped feeling the financial transactions. The money that was physically virtually me didn’t plane count. The money that counts is at the accountant’s office. When I say “How much?” and I’m looking at the monthly, it’s all black-and-white. It’s not green. So if I do the deal with Vitamin Water, I don’t really need the money up front. The big money, on the when end when they sell it, I need to participate in that. And it reverted the way artists squint at deal structures. Because until those stages, they were not looking to do deals like that. They was looking for how much they could get an whop right quick, get the shot, and go from there.”
Stop with the Fake FOMO (Chris Neumann) – Trying to create fake FOMO when fundraising scrutinizingly unchangingly fails and plane when successful, creates a bit of a ‘winner’s curse’ – you get the type of investors who fall for this stuff. Per my older interview with him, I fathom that Chris covers a lot of cadre topics for founders and startups. There are of undertow lots of things you should do in a fundraise to build momentum, but Fake FOMO ain’t one of them. In Chris’ words,
Remember, investors receive hundreds of emails from founders each month. I promise that it’s glaringly obvious when founders try to push fake FOMO. You might think you’re stuff smart, but the VC on the other end is likely rolling their eyes.
The Air Jordan Waif So Hot It Blew Up an Alleged $85 Million Ponzi Scheme (Misyrlena Egkolfopoulou and Kim Bhasin/Businessweek) – What an epic tale, and one that touches the startup scene too as this guy was basically taking pre-orders of hot releases and then trying to fulfill the orders on StockX, etc etc.
Zadeh Kicks had been offering the Cool Greys for as little as $115 since the fall surpassing the drop. On release day it owed customers increasingly than 600,000 pairs—an enormous permafrost of Nike’s unshortened stock, which sneaker site Housakicks estimated at 1.2 million to 1.7 million pairs. Malekzadeh had no hope of filling the order. What’s more, the trundling was once repeating: Plane as he scrambled to find Cool Greys, he was getting tens of thousands of preorders for the next big Jordan release, the Air Jordan 4 Retro Military Black, due out the pursuit May.
An unlikely provocateur, Miss Texas, takes on the state’s GOP leaders (Molly Hennessy-Fiske/Washington Post) – My wife’s maternal roots are Texan so my interest in the state go vastitude national spiel headlines. There are a lot of people who are both proud of Texas -AND- pushing for transpiration but I didn’t expect Miss Texas to be one of them! And I’m excited to have learned well-nigh her.
After the Supreme Court overturned termination rights, pursuit her home state’s own restrictions, she posted again: “When you live in Texas and all you wanted was a hot girl summer, but now you have a ‘no reproductive rights’ summer.”
Enjoy your 4th of July!
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