When I participate in a Series A deal with VCs, entrepreneur-friendly terms go out the window. VCs remain attached to age-old traditional industry terms. ‘Ratchet,’ ‘carry,’ ‘vetoes’ – you name it. Gil Penchina Read Quote
Startups are all about breaking the rules and changing the ‘natural order’ of things. So let’s do that for Series A terms. Gil Penchina Read Quote
It’s clear to me now that Ethereum is the new currency of the Internet. It’s way ahead of where Paypal was in its day, and it’s much more exciting to its customers than Paypal ever was. Gil Penchina Read Quote
Ethereum is enabling a new form of financing in ICOs that is like a massive gravitational pull – dragging every entrepreneur with a sense for opportunity into its blackhole-level gravity. Gil Penchina Read Quote
