The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
00:55:40 · Rory O'Driscoll, Harry Stebbings
[00:55:40] S2: Yeah. The one thing you can't control is your own comp, and I get it because even Elon has to do that. Because if you're the board members and you do this without CYA a 100 different ways, you're vulnerable to being very second guess. My guess is even if they're perfectly reasonably amicable, everybody should lawyer up so they have protection and they have a process, because process is your friend in these things. But then on top of that, it was super interesting. I don't know the detailed dynamics on whether the voting, but yes, the billionaire tax is up and we'll know in a week or two. But people who think there's no impact from that have never met a billionaire when you've tried to take 5% of their money away. It turns out they take it really badly, especially when you want to take 5% of their money away. And, you know, there's some voting criteria on it when you have more voting control than anything else. So it's more than 5%. And especially when the legislation says, yeah, we can do it again soon. [00:56:30] S1: I thought they'd already given it always, and this is the point of the Priscilla and Mark Foundation that we have a tax [00:56:35] S2: efficient people tax like to give it away, but they don't like it to be taken away. It's all about agency and control. But, yeah, know that... You're Jason. That was that was probably much noise under the circumstances. And, you know, it looks like whatever happens on this billionaire tax, it's been remarkably successful in driving out enough billionaires that you will have an ordinary income tax hit. So go team.
00:56:35 · Rory O'Driscoll, Harry Stebbings
[00:56:35] S2: efficient people tax like to give it away, but they don't like it to be taken away. It's all about agency and control. But, yeah, know that... You're Jason. That was that was probably much noise under the circumstances. And, you know, it looks like whatever happens on this billionaire tax, it's been remarkably successful in driving out enough billionaires that you will have an ordinary income tax hit. So go team. [00:56:54] S1: And do you know what I'm excited by with this show, boys? It's obviously recorded on a Wednesday. And a Wednesday night... It's... By the way, it's a Wednesday, Rory. Just [00:57:02] S2: Whatever. Yeah. [00:57:03] S1: So there's not gonna be, like, twenty four hours before release. No. And so there's no chance that there will be some massive news announcement, really, with the thirty six hour period. [00:57:13] S2: Just to remind you, I think Microsoft and Google are... Alphabet are reporting tonight. In theory, you could have anything, but who the hell knows? I'll be shocked to discover that they're gonna spend more on CapEx. Are we good, Harry? Are we done?
00:57:23 · Harry Stebbings
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01:00:00 · Harry Stebbings
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