The Ledger
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McConnell strongly considered buying out NEA's shares at a discount
“I've definitely strongly considered it. And you know, I'm sure if any, it was listening today, they wouldn't be Wouldn't be thrilled, but it's, that's definitely an option.”
McConnell: Carta is weak on founder-shareholder communication
“Well Carta, I think really is centered on foreign evaluations and capital management, and we try to take that to the next level really creating a more engaging experience and, Facilitating communication between founders and their shareholders, which I think in…”
McConnell: Competing Secondary Platforms Charge 5% to 10% Equity Fee
“And those other platforms, not ours, but those other ones will typically charge between five and 10% of the value of that equity.”
McConnell: Repeat founders understand employee equity liquidity needs better than first-timers
“Actually, it's funny you say that a lot of our early clients have been non first time founders because They felt it before and now they know the need. Whereas first time founder, you know, it's just not something that you think about very much.”
McConnell: NthRound backed by NEA and about a dozen Philly angels
“So our VC is NEA, New Enterprise Associates. And then we also brought in about a dozen individual investors from the Philly area.”