The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years
Shervin Pishevar
Basically, the way Waverly loans work, it's like a tax-free loan to a founder, and you exchange it for shares later, and you retire the preferred shares that you're replacing with common shares. So it's basically a swap. So I popularized that. And then the TPG solution was I introduced them to Waverly Loans.
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