I’m just tinkering with Hugo the static site generator on a domain name I use, using Cloudflare Pages for fun.

I might use it for other purposes, but until then, it’s just to have some fun :)

The other day, I was looking at the retention cohort of a company in the e-commerce space, that sells stuff that should be bought regularly. This company has great traction, they have a lot of orders from repeating customers, and yet their cohort abruptly drops after the first month. Strong repeat orders, but a cohort with an very low tail ?!? 🤔 That’s even more weirder when in theory, the tail of the retention cohort should give information about Product-Market Fit (ie.

Leaver clauses are sadly a hugely forgotten part of the term-sheet litterature. You can find a ton of stuff about valuation, preferential liquidation, captable management, … but actionable articles on leaver clauses are strangely rare. As a result, leaver clauses are sadly one of the most misunderstood clauses by founders. At Kima Ventures, we’re closing 100 investments per year with a team of 5 people. As such, we are dealing with a SHIT TON of legal documentation, and most of the time the leaver clause was either badly structured, a really important part in the negotiation, or both.