American - Businessman | September 12, 1982 -
Addepar not only helps improve private wealth management workflows so that advisors can do a better job at what they currently do, but it also helps build a data-driven and integrated view on top of the many important financial decisions within a client portfolio.
Joe Lonsdale
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We created Addepar because we saw a place where a multi-billion dollar global platform clearly should exist - but did not yet - to fix many of the challenges that exist in the finance industry.
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The convertible note is a useful and common financing structure in Silicon Valley. It's a form of debt that is really more a type of equity - one where the valuation hasn't been determined yet.
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We use convertible notes a lot at our fund - 8VC - so often that we just call them 'notes' to save time.
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Backing a company is a serious business.
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We want to inspire everyone to recognize the positive social impact they can have if they choose to become technologists.
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While it can be overwhelming to realize how many problems there are to solve in the world, it's always inspiring to see so many talented people willing to spend their time and energy in hopes of making a difference.
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CEOs shouldn't worry about their budget all the time - on a day-to-day basis, they should work on managing their company, building an awesome product, developing key relationships, identifying distribution channels, etc.
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The reason we have so much talent in Silicon Valley building and investing in for-profit technology companies is that markets richly reward successful ideas, no matter who invents them. But to remain competitive in a free market, companies must exercise discipline to meet quantitative goals and eventually become cashflow positive.
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A common mistake among new entrepreneurs who have raised large rounds is that they have essentially infinite resources.
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Hours wasted in traffic represent not only lost wages but enormous amounts of economic activity that might have happened. Congestion indirectly increases consumer prices, makes travel times unreliable for commuters and truckers, and precludes many people from accessing jobs in urban hubs.
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Funding has not kept pace with demand for expanded lanes and well-maintained roadways.
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