Summary
Weekly Emil sync. Topics: Stanford campus visit close to closing via Michael’s GSB contact (Emil is also GSB admin), Tim investor outreach (Michael pitched as warm intro not hard fundraise ask; Tim responds Fri/Sun nights), cap table dynamics (Emil wants a tight round; Ohio contract announcement expected to reframe investor narrative), and how Emil should navigate investor questions about running both Candid Network and Flashpass.
Decisions
- Campus visit framework: in-person when classroom setting works for video; logo value justifies virtual if travel isn’t worth it; stack visits when already in that city; lower-tier schools default to virtual
- Tim: would get a SAFE note immediately given strategic fit; Emil to decide
- Ohio contract ($16M): announce at press conference; reframes investor narrative
- Flashpass question: address it upfront and move on; give confidence that Emil can run both; more sensitive with large VCs than individual angels
- Investor who missed Flashpass: Emil to reach out directly, framing as fresh conversation (not “never heard back”)
Action Items
- Michael: confirm Stanford visit and lock in dates (GSB contact is working on it; Emil to flag travel conflicts for fall)
- Michael: follow up once Tim responds (typically Fri/Sun nights; update Emil when he hears back)
- Emil: reach out to Flashpass-excluded investor (frame as fresh Candid Network intro)
Notable Details
- Tim: 300-400K followers on X, heavy crypto audience; political donor with governor-level relationships
- Steve (other investor): less enthusiastic about dilution, less likely to push for Tim’s inclusion
- Emil as GSB admin may have additional pull at Stanford beyond Michael’s contact
- If secondary valuation is sticking point with Tim, room to get him in via a different structure
Transcript
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