Lane Merrifield
speaker
487 appearances
1 recordings
1 series
first heard Oct 2025
last heard 1 Oct
Lane Merrifield’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.
Appearances
We got to celebrate.
I just got my credit card limit raised from $5,000 to $10,000.
And I'm feeling like we should really celebrate because that must mean I've made it.
Exactly.
I think, sadly, there's a lot of 20, 30, 40, $50 million companies that could have been very successful, that could have made their founders a lot more money, even in the long run, but it might have taken longer to get there, but that were squished and destroyed by being jammed into trying to force them to be unicorns.
And they were never really designed for that.
Because the moment you take that money, the expectation is, if you're not using numbers like half a billion or a billion dollars, don't waste my time.
And so you get a lot of founders that are like, well, of course I'm going to make a billion dollars.
Well, they could have made them and their founders a few hundred million dollars and it would have been just fine.
the intention was and sadly there aren't enough gatherings to sit down and talk about when that credit card check finally comes due you know when that board sits around the table and says hey i think we're going to replace the founder ceo with another ceo who's going to go do this i think we're going to go ahead and you know you're going to have to take it down round in order to keep your employees and so we're going to screw up your liquidity and your cap table
in doing so.
And basically, you've now lost your company.
And there's no parties when that's happening.
There's no celebration when that's happening.
And again, I'm not trying to imply that that's always the case.
And frankly, I went through with a different company that I've worked on.
It's a really, really painful process and one that I don't think is necessary.
Yeah.
So you might be in a situation where you say, okay, I'm going to give away 20% of my company for the first round, or maybe it's a seed round or a series A round, the first couple of rounds.
And that kind of 10 to 20% is your ideal amount to give away.
Showing 121–140 of 487 · page 7 of 25
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