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These days, founders are taking massive amounts off the table in the large funding rounds you read about. I know of several cases where it has been upwards of
by aliston 11y ago
These days, founders are taking massive amounts off the table in the large funding rounds you read about. I know of several cases where it has been upwards of 50% of the round (series D/E 100M+ deals). While she doesn't have a billion dollars of liquidity, I wouldn't be surprised if she had 50 million+ in the bank.
- AndrewKemendo 11y agoThat's not how you keep 50% of a company. It's usually cash off the table or keeping your equity.