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Ty Haney

๐Ÿ‘ค Speaker
369 total appearances

Appearances Over Time

Podcast Appearances

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

I had never worked somewhere else. I guess in college I did, but I hadn't left or been fired. And just kind of the buildup, there was tension between Mickey and I. We had very different views on how to grow the company. I had gone to the board and said, we're going to have to make a call here because we definitely have divergent views.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

I had never worked somewhere else. I guess in college I did, but I hadn't left or been fired. And just kind of the buildup, there was tension between Mickey and I. We had very different views on how to grow the company. I had gone to the board and said, we're going to have to make a call here because we definitely have divergent views.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

I had never worked somewhere else. I guess in college I did, but I hadn't left or been fired. And just kind of the buildup, there was tension between Mickey and I. We had very different views on how to grow the company. I had gone to the board and said, we're going to have to make a call here because we definitely have divergent views.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

There was an article that came out that had been authored or co-authored by a Mickey and another journalist, and I... That night saw it come out and literally looked up how to resign. And so the message, I kept it because it's kind of funny. I hereby tender my resignation. Doing things, Ty, like the most formal ever. I didn't know if legally it needs to say that or not. So that's marked in time.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

There was an article that came out that had been authored or co-authored by a Mickey and another journalist, and I... That night saw it come out and literally looked up how to resign. And so the message, I kept it because it's kind of funny. I hereby tender my resignation. Doing things, Ty, like the most formal ever. I didn't know if legally it needs to say that or not. So that's marked in time.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

There was an article that came out that had been authored or co-authored by a Mickey and another journalist, and I... That night saw it come out and literally looked up how to resign. And so the message, I kept it because it's kind of funny. I hereby tender my resignation. Doing things, Ty, like the most formal ever. I didn't know if legally it needs to say that or not. So that's marked in time.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

Very nice. Right after I had had Sunny. A lot going on. But I was so... And I read that article and was like, I saw this coming. I had brought the board into, you know, something coming. We need to make a call here. And then just felt so betrayed in a sense. And so I tendered my resignation, hereby tendered my resignation doing things Thai. Beautiful.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

Very nice. Right after I had had Sunny. A lot going on. But I was so... And I read that article and was like, I saw this coming. I had brought the board into, you know, something coming. We need to make a call here. And then just felt so betrayed in a sense. And so I tendered my resignation, hereby tendered my resignation doing things Thai. Beautiful.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

Very nice. Right after I had had Sunny. A lot going on. But I was so... And I read that article and was like, I saw this coming. I had brought the board into, you know, something coming. We need to make a call here. And then just felt so betrayed in a sense. And so I tendered my resignation, hereby tendered my resignation doing things Thai. Beautiful.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

Yeah, full stop ownership matters. And this ties back to how you fund the company. But at the end of the day, we had raised a bunch of money. And as you looked at the cap table, I had diluted myself to a point where I didn't have control. So I didn't have enough ownership of the company to be able to control whether we moved someone out or not.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

Yeah, full stop ownership matters. And this ties back to how you fund the company. But at the end of the day, we had raised a bunch of money. And as you looked at the cap table, I had diluted myself to a point where I didn't have control. So I didn't have enough ownership of the company to be able to control whether we moved someone out or not.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

Yeah, full stop ownership matters. And this ties back to how you fund the company. But at the end of the day, we had raised a bunch of money. And as you looked at the cap table, I had diluted myself to a point where I didn't have control. So I didn't have enough ownership of the company to be able to control whether we moved someone out or not.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

And so that's a pretty helpless position to be when you're the one who started it and are used to having kind of full agency, autonomy, et cetera. And so it's really impacted how I think about setting companies up and the cap table and how you fundraise and what amount of capital you're willing to bring in because at the end of the day, ownership matters or you lose control.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

And so that's a pretty helpless position to be when you're the one who started it and are used to having kind of full agency, autonomy, et cetera. And so it's really impacted how I think about setting companies up and the cap table and how you fundraise and what amount of capital you're willing to bring in because at the end of the day, ownership matters or you lose control.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

And so that's a pretty helpless position to be when you're the one who started it and are used to having kind of full agency, autonomy, et cetera. And so it's really impacted how I think about setting companies up and the cap table and how you fundraise and what amount of capital you're willing to bring in because at the end of the day, ownership matters or you lose control.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

Yeah. And that's something I wish I had learned before doing it, but I do understand... I think in my first fundraising go, I had heard investors be like, I only invest in second time founders and that kind of tracks because there's certainly a lot you don't know the first go.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

Yeah. And that's something I wish I had learned before doing it, but I do understand... I think in my first fundraising go, I had heard investors be like, I only invest in second time founders and that kind of tracks because there's certainly a lot you don't know the first go.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

Yeah. And that's something I wish I had learned before doing it, but I do understand... I think in my first fundraising go, I had heard investors be like, I only invest in second time founders and that kind of tracks because there's certainly a lot you don't know the first go.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

But really things like secondary and prep stack at 23, I just dove all the way in and trusted and ultimately a business at the end of the day doesn't work like that.

Money Rehab with Nicole Lapin
Introducing Our Newest Show: Social Currency with Sammi Cohen

But really things like secondary and prep stack at 23, I just dove all the way in and trusted and ultimately a business at the end of the day doesn't work like that.