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Steve Tuck

๐Ÿ‘ค Speaker
958 total appearances

Appearances Over Time

Podcast Appearances

Oxide and Friends
Oxide's $200M Series C

And that's a good question to ask because like it's, yeah, there are strings attached.

Oxide and Friends
Oxide's $200M Series C

And so what kind of strings are typically attached and how do we avoid those?

Oxide and Friends
Oxide's $200M Series C

The board of directors controls the company, just to be clear.

Oxide and Friends
Oxide's $200M Series C

You report to our board.

Oxide and Friends
Oxide's $200M Series C

That ultimately makes the end.

Oxide and Friends
Oxide's $200M Series C

So it's a very big deal.

Oxide and Friends
Oxide's $200M Series C

It's a big deal.

Oxide and Friends
Oxide's $200M Series C

What does the board structure look like is a very big deal.

Oxide and Friends
Oxide's $200M Series C

And there's a big difference between a board member and an observer.

Oxide and Friends
Oxide's $200M Series C

A board observer is allowed to be there in the board meetings, but that board can go into closed session.

Oxide and Friends
Oxide's $200M Series C

The board observer is not.

Oxide and Friends
Oxide's $200M Series C

And that observer does not have a vote.

Oxide and Friends
Oxide's $200M Series C

They are truly an observer.

Oxide and Friends
Oxide's $200M Series C

Like extremely fortunate is kind of like almost like not the words.

Oxide and Friends
Oxide's $200M Series C

I mean, no, I mean, it's like, what's luckier than that?

Oxide and Friends
Oxide's $200M Series C

Yeah, no, right.

Oxide and Friends
Oxide's $200M Series C

I mean, if you had told us when we started the company six years ago,

Oxide and Friends
Oxide's $200M Series C

that you are going to you will have raised your series c and have a four-person board of which you two jokers steve and me will be half of the board yeah almost 400 billion dollars in and four board members two of whom are the founder ceo and cto that's