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Protect Yourself in a Fire Sale: Get a Carve-Out in Writing


We all understand that innovation is hard, and not all start-ups succeed. If you build a career as a serial entrepreneur, the odds are that sooner or later you are likely to find yourself leading a business that has run out of cash. Whether the business has run its course, you weren’t able to find product-market fit, or the market conditions have unexpectedly changed, the inevitable next step is to sell your business for whatever you can. This allows everyone to move on.

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The US Dollar has Failed as a Reserve Currency

How We Pivoted 3 times In The 1st Month of YC