Pro rata rights, immigration, the sharing economy, AWS, Ray Dalio, and China’s smartphones

What founders need to know about pro rata rights

Pro rata used to be reasonably simple. Venture investors who bought preferred shares in startups had the right to lock in a certain percentage of equity provided they continued funding the company in the future rounds of financing. But as VCs have raised ever larger funds and cap tables have become ever more congested, who gets pro rata — and who keeps it — has become a massive distraction for many founders during their fundraises.

Andy Sparks, the founder of Holloway Guides (which, as my co-editor Eric Eldon wrote this week, raised $4.6 million from the New York Times and others), writes in with an analysis of pro rata rights from the latest Holloway Guide on Raising Venture Capital. We are really digging this new model of covering the issues affecting startups, and wish Sparks and his team well in their endeavor.

Pro rata is Latin for “in proportion.” Most people are familiar with the concept of prorating from dealing with landlords: if you’re entering into a lease [...]  read more

Specialized Turbo Creo SL Expert EVO Review: An Electric Gravel Grinder

My initial reaction to Specialized’s new electric gravel bike was an eye roll. It was early June, and I had just finished sweating profusely under the sweltering Kansas sun while puttering along in the Dirty Kanza 100 gravel race. I was slow, but I was proud of my effort and suspected that an electric bike with 120 miles of motor-assisted range might not sit well with the self-sufficient gravel-riding community.

Then I rode the Turbo Creo SL Expert Evo into a 20 mph headwind for more than 20 miles, and I began to see the wisdom in Specialized’s new gravel e-whip. If there’s one thing I fear as much as modern technology hijacking my humanity, it’s a relentless gale that makes me feel powerless and insignificant in the universe. While it’s nice to have a machine improving my mental state in a headwind, Specialized is more likely tracking the NPD Group’s  [...]  read more

Images of Samsung’s upcoming Galaxy Book S laptop leak out

The rumor is that Samsung has another Galaxy Book laptop on the way, and now there are leaked images of said laptop to back up those claims.

Posted by noted tipster Evan Blass, the pictures purportedly show a Galaxy Book S that is likely to be unveiled in the not-too-distant future. Could it even get shown off on the same day as the Samsung Galaxy Note 10?

This laptop would appear to follow a traditional clamshell design rather than using the same 2-in-1 detachable form factor of previous Galaxy Book laptops.

We’ve got a 3.5mm headphone jack and a USB-C port on one side of the laptop, though one side is all we get. The selection of images also includes one taken from the front and one taken from overhead, both with the laptop opened up.

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Samsung Galaxy Book S leak

The Samsung Galaxy Book S… we think (Credit: @evleaks)

(Image credit: Evan Blass)

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Samsung Galaxy Book S leak

The Samsung Galaxy Book S… we think (Credit: @evleaks)

(Image credit: Evan Blass)

These renderings don’t include an S Pen, which was an optional [...]  read more

Tesla revives free Supercharging for new Model S and Model X orders

The company didn’t say whether or not there was an expiry date for the free Supercharging offer, although Electrek obtained a memo that didn’t treat it as a limited-time promotion.

It’s a notable change of heart, though not completely unexpected. When Tesla ended the incentive, Elon Musk claimed that it was “not really sustainable” with large-scale production. However, it’s also clear that Model S and Model X sales are soft in comparison to the Model 3. This could boost sales by making it less expensive to own one of these premium cars in Supercharger-laden regions. On top of this, Tesla recently raised the base prices for both vehicles. While they’re also more expensive to make, their higher costs could make it easier to offer free Supercharging without a hit to its bottom line.

social experiment by Livio Acerbo [...]  read more

Ethical fashion is on the rise

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p dir=”ltr”>The fashion industry has historically relied on exploitative, unsustainable and unethical labor practices in order to sell clothes — but if recent trends are any indication, it won’t for much longer. Over the last several years, the industry has entered a remarkable period of upheaval, with major and small fashion brands alike ditching traditional methods of production in favor of eco-friendly and cruelty-free alternatives. It’s a welcome, long-overdue development, and it’s showing no signs of slowing down.

Tradition fashion is unethical in almost too many ways to count. There is, of course, the monstrous toll on animal life. Every year, over one billion animals are slaughtered for their fur or pelts, usually after living their lives in horrific factory farms.

Cows, including newborn and even unborn calves,  [...]  read more