Steve Tuck

speaker
1,075 appearances 3 recordings 1 series first heard Jan 2025 last heard 16 Sep

Steve Tuck’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
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Recordings per month over the last 12 months — 2 in all, peaking in Sep 2026 with 1.

Appearances

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All of them.
Yeah.
To disappoint folks.
We really, really did not want to disappoint folks.
In that respect.
And also then the other thing that made it challenging is when investors invest, they often, maybe always, but certainly very often have pro rata rights.
And pro rata rights give you the right to maintain your ownership percentage of the company by investing as time goes on.
And there's a bit of like, when you've got an oversubscribed round, what are people gonna do?
There are people out there with pro rata rights
And I think that there was some conventionalism like, oh, don't worry.
Like they won't take their pro rata rights.
Sharp elbows is just a myth.
Yeah, sharp elbows is just a myth.
As it turns out, like I don't, maybe these folks haven't been around a company.
It's like, no, it's like, no, you should just assume everyone's gonna take their pro rata rights.
And that made it uncomfortable.
You know, it's like people are like, yeah, sorry, I've got the right to do this.
So yeah, I want to invest a lot more.
I know I've been, you know, and it's like, okay.
So we got to find a way to make it all work.
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