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So 'NVDA' is loaning money to 'AI' 'startups' to buy their chips?
Poast new message in this thread
Date: November 12th, 2025 8:26 AM Author: Mewling Ungodly Business Firm Milk Is this sustainable business practice, Trumpkins? (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422567) |
Date: November 12th, 2025 8:29 AM Author: Marvelous Lake Boistinker Startups they take equity stakes in too. The lawyers advising on skirting related party disclosures are working overtime. Tech and fintech cos are now a lawyers wet dream because the structures are other worldly complex. Gone are the days when you had a Phillip Morris with a simple org chart and easy disclosures.
Side letter on top of side letters just on voting rights, bro. Biglaw is making bank. |
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Date: November 12th, 2025 8:31 AM Author: Amethyst chest-beating travel guidebook heaven For a forum full of wordcel lawyers you "people" have ttt "punctuation usage". Animeboi exposed as a total fraud yet again. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422573) |
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Date: November 12th, 2025 8:32 AM Author: Mewling Ungodly Business Firm Milk I'm an engineer not a lolyer, dumbass. u need to keep up with xo lore. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422576) |
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Date: November 12th, 2025 8:32 AM Author: Amethyst chest-beating travel guidebook heaven The only thing you've engineered is fraud & lie (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422580) |
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Date: November 12th, 2025 9:24 AM Author: Mewling Ungodly Business Firm Milk I think you're being a little overdramatic 🙄 (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422675) |
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Date: November 12th, 2025 9:29 AM Author: Razzle stubborn dingle berry lay lol at the period outside your quotation marks. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422697) |
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Date: November 12th, 2025 12:40 PM Author: buff pozpig (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423243) |
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Date: November 12th, 2025 12:32 PM Author: racy drab candlestick maker what's wrong with the punctuation? (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423223) |
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Date: November 12th, 2025 12:41 PM Author: Mewling Ungodly Business Firm Milk Nothing Ever 'Happens' thinks you need to 'use' double quotation marks ("...") to 'quote something'. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423245) |
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Date: November 12th, 2025 8:32 AM Author: fuchsia painfully honest bawdyhouse pivot to free OpenAI phone just subscribe to our data centre for gpt-10 in your pocket - $200 p/m (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422575) |
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Date: November 12th, 2025 8:32 AM Author: Amethyst chest-beating travel guidebook heaven TT waving his new Kimi K2 CCP $30 JizzPhone in ur face (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422578) |
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Date: November 12th, 2025 8:35 AM Author: fuchsia painfully honest bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422586) |
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Date: November 12th, 2025 8:53 AM Author: bull headed excitant state i wish (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422612) |
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Date: November 12th, 2025 8:53 AM Author: flickering filthy cruise ship (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422613) |
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Date: November 12th, 2025 8:39 AM Author: Marvelous Lake Boistinker That will very much be the business model and why Apple is fucked. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422589) |
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Date: November 12th, 2025 8:32 AM Author: Marvelous Lake Boistinker Even if they don’t have outright ownership stakes the notes have conversion provisions that are more than generous. If the startup does well nVidia will own the bitch and if not it’s just debt. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422577) |
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Date: November 12th, 2025 8:32 AM Author: Slippery galvanic stag film can u give typical convertible agreement and %s (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422579) |
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Date: November 12th, 2025 8:36 AM Author: Marvelous Lake Boistinker Typically as the lender you take a 35% haircut if you convert but you would only convert once they get a 409A showing your initial valuation for the loan was off by a good 100% and they post something like a 40% CAGR telling you the next 409A will be at least double ahead of IPO. It’s free money on the table at that point. The note provisions have most favored nation clauses so the lender gets the same 409A access as an equity investor. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422587) |
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Date: November 12th, 2025 8:41 AM Author: Marvelous Lake Boistinker I’m really posting solid legal edumacation here…. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422592) |
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Date: November 12th, 2025 9:33 AM Author: Razzle stubborn dingle berry lay Now tell them how often SV biglaw sets up essentially the same arrangement for these startups and their legal fees. It really has a strong whiff of the aughts era “innovations” in debt securitization. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422712) |
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Date: November 12th, 2025 8:42 AM Author: Slippery galvanic stag film do they get lower interest rate a lot because of that (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422593) |
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Date: November 12th, 2025 8:46 AM Author: Marvelous Lake Boistinker LJL no. Conversion rights at before at least a C round are near universal now. The crossover rounds ahead of IPO are very, very annoying for lawyers too but it pays the bills. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422599) |
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Date: November 12th, 2025 8:47 AM Author: Slippery galvanic stag film how much do u charge to write a contract like that
and why dont ppl advertise that the lender believes in them as a badge of pride |
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Date: November 12th, 2025 8:56 AM Author: Marvelous Lake Boistinker I’m in house so I just collect my million a year. We have a general corporate engagement letter with DLA Piper at like $1170 for partner rates. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422618) |
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Date: November 12th, 2025 8:58 AM Author: odious fear-inspiring roast beef psychic lol at you making a million a year. More like million every 5 years. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422624) |
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Date: November 12th, 2025 9:36 AM Author: Razzle stubborn dingle berry lay He’s bragged about this for a while now. I suspect he’s inflating 2-2.5x but he manages managers now allegedly and does seem to genuinely geek out on this shit. Even as a compliance monkey he’s making considerably more than 300k ie the going rate for senior counsel in generic commercial roles. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422723) |
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Date: November 12th, 2025 12:02 PM Author: Marvelous Lake Boistinker Like for realz - 6th years in their first year in-house are all at $300k BASE on the street. That ‘s not counting cash bonuses and stock. All the Glassdoor numbers are base comp for these roles. When they say $250-300k they mean $250-300k base which usually gets you another $100k in discretionary cash bonuses and $50-100k in RSUs on top. Very vanilla in-house guys on the street are all at $400k all in comp now. It’s even more when you add the very generous 401k matches and ESPP plans and free lunches. My last shop had a 10% match with no ceiling - anything over the 401k limit went into a defined benefit pension. If you manage a team - stack $200-300k top of that. Director duders are all at like $600k. MDs are near a million. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423087) |
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Date: November 12th, 2025 12:42 PM Author: odious fear-inspiring roast beef psychic well he claims he did divorce law at Quinn Emanuel, so let's start with that. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423246) |
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Date: November 12th, 2025 1:11 PM Author: Marvelous Lake Boistinker Guy with very small pecker and even smaller sense of humor (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423332) |
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Date: November 12th, 2025 1:15 PM Author: odious fear-inspiring roast beef psychic yes, in addition to making up fake stories about being a biglaw associate. you've got it all!
don't tell me you're trying to pass off the QE fanfic as a joke now. |
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Date: November 12th, 2025 1:26 PM Author: Marvelous Lake Boistinker Ok, hoss. That’s was obviously a funny about QE given that their whole sales pitch is they are the most trial focused biglaw firm and that all their other practices are ancillary to their trial focus. A lawyer would get the joke at QEs expense (ie. they never turn even a shitlaw divorce down if it gets them court time). Next I will tell you about my appellate work from the heights of Cadwalader or the shoes I sold at DPW. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423366) |
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Date: November 12th, 2025 1:28 PM Author: Marvelous Lake Boistinker The shoes at DPW warrants a new schtick. I haven’t shit on DPW in some time…. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423376) |
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Date: November 12th, 2025 8:44 AM Author: Chestnut very tactful incel senate How does one pay back debt if said startup is burning cash and CFADS is negative (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422596) |
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Date: November 12th, 2025 8:52 AM Author: Marvelous Lake Boistinker By raising another round in 12 months at a higher valuation. (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49422611) |
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Date: November 12th, 2025 12:39 PM Author: Ebony useless brakes Lmao no one will ever come up with a better business model than usury (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423239) |
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Date: November 12th, 2025 12:45 PM Author: buff pozpig The auto industry has been doing this with consumers for decades and that’s worked out ok (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423253) |
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Date: November 12th, 2025 12:47 PM Author: cerebral startling prole OP is retarded. So GM is loaning money to their customers to buy their cars ?!?!?! (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423260) |
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Date: November 12th, 2025 12:52 PM Author: Mewling Ungodly Business Firm Milk (Guy who doesn't know about 'negative equity') (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423273) |
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Date: November 12th, 2025 1:14 PM Author: Marvelous Lake Boistinker Car makers morphing into finance companies has been rather disasterous for the industry and why China is currently raping US automotive though TBF the better ones never really went full into this and have rather complicated arrangements with banks not merely to service the loans but to do most of the lift on the actual lending side too (ie. it’s mostly not GM money). (http://www.autoadmit.com/thread.php?thread_id=5796611&forum_id=2.#49423339) |