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The (literal) money quote: > Citrix shelled out $165 million in cash > for Grasshopper, plus about $8.6 million > in stock that would vest over time.
by jt2190 11y ago
The (literal) money quote:
> Citrix shelled out $165 million in cash
> for Grasshopper, plus about $8.6 million
> in stock that would vest over time.
> Grasshopper’s cofounders still owned about 90 percent
> of the company; Taghaddos’ father, Schiavone,
> and other key employees owned the remainder.
> Compare that to the founders of tech companies
> like Box or Zendesk, who both held
> less than 10 percent of their companies
> by the time they went public.