What was the indian guy saying during the season 2 season premiere? (the one from last season's pilot with kid rock). He was CEO, got the unrealistic high valuation... and then when they didn't meet up to standards, he was ousted as CEO and "lost his stock" (not sure if they really explained that well enough). But, I have to feel that if they mentioned it earlier, it likely was for a reason... as it foreshadowed Richard being ousted.
Just started watching this show the other day. So far through about 4 episodes, very funny show. I'm not sure how I missed this one.
Yea, but they'll bring him back next season after something goes wrong and only he can fix it. Kind of obvious.
Watched this show over the last week. Sublime observational comedy. Russ Hanneman may have been my favorite supporting character. The comparisons to Cuban aren't apt at all- think you guys just have dearth of rich single guys to compare Russ to. My best friend was an investor and used to travel in rich single guy circles and guys like Russ were a dime a dozen. Freaking hilarious.
The way the the VC thing works is they get their money out the first. So for example lets take a company valued at 1 billion with the VC putting in 500 mil. If the company gets sold for 500 mil the VC gets the 1st 500mil and all the other equity holder get nothing. That is why all these valuation are through the roof since the deals are structured so that the VC gets paid back first which would seem more like debt. So the VC has down side protection and gets unlimited upside.
Yeah, that all makes sense. I think the original point of my post was talking about how somebody can get fired or ousted from a company that they actually hold stock in... in reality, Richard's ownership in PP is pretty hollow and can easily be bought out at any time (especially since the company isn't really profitable yet).
I watch this show and think to myself, you know, I just can't believe that real life people don't know this stuff and make the same bumbling mistakes as Richard. Then I come to this thread.... This happens All. The. Time. It's called a voting agreement. Reverse vesting. You lose all of your unvested stock if you're fired. Standard VC practice. Google it. nvca.org actually has a model term sheet for some fairly standard VC terms (http://nvca.org/resources/model-legal-documents/). The show is actually pretty true to real life.
Slight difference in a frothy comedy show that was genuinely difficult to follow through there. They didn't really revisit that agreement and it was a crucial plot point. If people get confused on the plot of your goofball comedy, the problem isn't your audience.
<iframe width="640" height="360" src="https://www.youtube.com/embed/MMAUG8oVY_4?feature=player_detailpage" frameborder="0" allowfullscreen></iframe>
and I don't mind the richard Monica romance but they need her to do some nude scenes tbh ...it is HBO afterall
