Our marginal income tax rate will be 54.1%: 35% Federal, 5.3% State, 3.8% Medicare and 10% for charities (we give away 10% of our pre-tax income; see “A VC’s View on Charitable Giving”). And, if the Bush tax rates expire, add another 5%. This all just covers wages, and it excludes the coming 3.8% investment
An Entrepreneur from the 16th Century
Last week, I went on a business trip. I had some time in the morning, and so, I went to morning Mass. I am glad I did. That day, the Church was remembering St. Vincent de Paul. He lived in the 16th century. He was a man with a very explosive and bad temper. But,
Meeting One of Our VC Firm’s Investors
I really enjoy meeting with our investors. Last week, Eric and I went to visit one of them. A third-party database says that they have the best returns among all private equity investors. Top dog. The Big Kahuna. While VC returns have lagged for most, these folks are absolutely crushing it. On the VC side,
The NFL Stalemate and Why Zero-Sum Negotiations Suck
9.27 addendum: The strike is resolved. It seems surprising. Over what would be a $125K of cost a team, the NFL owners have locked out their referees. They’re using replacement officials. Play on the field has suffered. Players are getting injured. Some teams have lost games due to blown calls or non-calls. The referees are
The Prez Election Pisses Me Off
I’m an immigrant to the U.S., as I’ve written before (read “Only in America”). I’m very patriotic. So, I watch closely the campaigns for the Presidency. I’m a registered Independent. Frankly, I’m disappointed with both sides. The campaigns have really focused on 30-second ads, that try to be “dramatic” and catch our attention. In a
“What Should Be My Next Career Move?”
“What should I do next in my career?” It’s one of the most common questions I get as a VC. I’m not an expert in career management. I have done only three job searches in my life (read about one at “How to Get a VC Job?”). But, I’ve seen certain frameworks and approaches work pretty