People really don’t understand the ruling in the O’Bannon
case. I’ve heard dozens of people
describe it as being a mandate that all schools start paying their athletes
$5,000 in deferred name, image, and likeness (NIL) payments as of next year,
unless the ruling is overturned.
Let me try to be super-clear about this. Judge Wilken’s order requires no school to do
anything it doesn’t want to do. If Notre
Dame wants to offer its recruits a scholarship to Notre Dame as it has in the
past, and doesn’t want to offer to cover their cost of attendance (COA) and
doesn’t want to offer them any NIL money, whether up-front or deferred, nothing
in Judge Wilken’s order prevents them from doing just that. The same holds for any other school.
Here’s what she said, with some ellipses and emphasis just
to help you work through the verbiage.
I’ve been doing a ton of work and speaking on Paid Acquisition of ecommerce customers. There are some great small companies out there who can turn $20 today into $60 in very small numbers of months.
As always seems to happen, people with profitable variable cost models are raising equity because there are no good debt instruments. Of course, when I’ve offered debt instruments myself (usually rolling 90- or 180-bonds tied to specific receivables that would avoid a ton of dilution for the founders), they negatively freak out at any idea but handing their stock over to investors. #ignorance
Economists see a pent-up demand for millennials to buy cars. I see a pent-up demand for boomers to get rid of them. Demographics, technology, and changing social attitudes suggest I am on the right side of this debate.
I hadn’t thought about baby-boomers aging as the key driver for driverless car adoption but it makes a _ton_ of sense.
And if you treat people a little better than the law—and the market—absolutely require you to, it can be good for your brand, your business, and ultimately, for your stock.
Btw, only around 11 people in the entire United States die a year from food allergies, including peanut allergies. And in the last 8 years, 6,328 children in the United States have died from vaccine-preventable diseases.
It’s been too long — I (Dave) am in Seattle next week for a few days, so I’d love to catch up with folks. Stop by and enjoy a beer or 3 at Auto Battery next Thursday (Oct 16, 2014). Will likely be there in the 6-8pm timeframe, give or take an hour!
In reality, anti-inversion legislation, at least as currently proposed, is likely to turn U.S.-based multinationals into hunted prey, selling out to foreign rivals. The proposed legislation basically draws up a roadmap for activist investors and foreign companies, showing them how to get access to the overseas cash of U.S. companies by buying them up and moving their headquarters out of the country.
But the part it gets wrong is that if you look at who actually works in Silicon Valley now, the geek contingent - the stereotypical socially awkward hackers - is no longer the dominant phenotype of SIlicon Valley. Now it’s people who are well adjusted, good looking graduates of elite institutions. It’s gone from weirdos in pocket protectors to the guys who used to go to Wall Street.
I talked to one guy who’s a former Goldman Sachs guy who left to go to the tech industry who said the adage in the tech world now is “be wary when the pretty people show up.”
