Success rate is a helpful metric, but it depends on which player/party is interacting with the Studio. Studios lend themselves well to Consumer fields which traditionally have lower exit multiples than B2B/Infra/Software.
- Are you an LP? You can have great paper returns, but poor DPI over time. How do you feel being an LP not seeing that GP's are double dipping on equity grants at company formation for them to only secondary as fast as possible after a quick markup (easier done in the last few years in zero interest rate environment) arguably breaching fiduciary responsibility?
- Are you a "Founder" getting hosed on equity? You do receive a ton of support and resources, but you're paying with the most expensive cost of capital (equity). Do you have full control of the company? What are the voting rights of your stock grants? Where does the buck truly stop?
- Are you an early stage employee getting a sliver of the already somewhat upside down cap-table?
This seems great! I’m excited to try it out. It reminds me of Voiceliner which I’ve been using for a while now. Voiceliner does on device transcription & allows for creating hierarchy to notes / ideas with export functions too
Looks like you will also need to get a Series 63 from the local state securities regulator as well, which requires sponsorship. From the NASAA FAQ:
>>If I pass a Series 65 examination, is that all I need to do to qualify as an accredited investor?:
No. The SEC’s August 26, 2020 order allows persons who hold an “Investment Adviser Representative license (Series 65) … in good standing” to qualify as accredited investors. The SEC explained in its Small Entity Compliance Guide for Amendments to the Accredited Investor Definition that “a person seeking accredited investor status by passing the Series 65 exam would also need to be licensed as an investment adviser representative in her state and would need to comply with all state-specific licensing requirements (e.g., paying dues, etc.).”
In order to become a licensed investment adviser representative, a person must first apply through the investment adviser firm with which the individual is affiliated for registration with a state securities regulator. Please check with your state securities regulator for specific requirements. [1]
[1] https://en.m.wikipedia.org/wiki/Flintstone_House [2] https://www.theguardian.com/us-news/2019/may/06/flintstone-h...