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Sounds like a great scheme for the founders and VCs to 'exit' using money from the middle class.
by a3voices 11y ago
Sounds like a great scheme for the founders and VCs to 'exit' using money from the middle class.
- cowsandmilk 11y agonormally, founders and VCs have lock-up periods. If I was a founder/VC, what I would be looking for out of this is not leaving money on the table (as others have mentioned). The greatest thing for me on IPO day would be to go down by 5% on the public markets instead of popping. That means my company got an appropriate amount of cash by putting shares out onto the public market.