Blue Sky HQ founder Abhilasha Purwar explains why her company chose a priced seed round over a SAFE instrument to Nathan Latka.
Insight
Purwar: Founders should never split equity 50/50
“So it's just basic rules of founders that there has to be one final decision point. So you never split equity, 50, 50. One person takes more majority and the other person takes less.”
Prediction Open · timeframe Dec 2029
Purwar: 2020s Will Experience Climate-Induced Depression Similar to 1930s
“I was really interested in doing a PhD in economics on climate change induced financial depression, and I was working with Professor Gary Gordon in Yale, so I'm a Yale graduate in the master's program, and I really, really wanted to do that because I was obses…”
Assertion Contradicted
Purwar: 2021 California wildfires affected 40x more homes than prior decade combined
“I mean, even like, for instance, home insurances in the year, 20, 21, the forest fires in California affected 40 times more houses than the last 10 years of fires combined.”
Disclosure
Purwar: Blue Sky flipped equity, making co-founder brother majority shareholder
“I think I took the majority, but then we flipped last year because my brother initially started like, oh, I'm going to help you for two months. And then he was like, oh, this is so exciting. And there's AI and cloud and APIs. And this is so tech. So he's my se…”
Assertion Not checkable as stated
Purwar: Operating Blue Sky in India Costs $1M Annually Versus $10M in US
“So the cost of running a startup like us in the US and New York would probably like ten million a year. But for cost of running a startup like us here is about a million a year.”
Assertion Not checkable as stated
Purwar: High-Quality Senior Software Engineers in India Cost $30k Yearly
“Like for instance, we, I would say, let's say, 30,000 dollars is something like, you know, you can get really, really good senior engineer. You can get senior engineers who are like coding amazing stuff for 30 grand. You get nothing in the U S for 30 grand.”