2 ms·
1% would be quite a chunk of cash. I wonder if they could have cashed out at the $17b evaluation or if they would be sitting on paper-rich stock right now. I co
by daveguy 11y ago
1% would be quite a chunk of cash. I wonder if they could have cashed out at the $17b evaluation or if they would be sitting on paper-rich stock right now. I couldn't find how much they cashed out for, but something like $1 million in the bank might end up being worth more than $170 million on paper.
Edit: well, on second thought at the 17b evaluation they could have probably cashed out 1% of their share (0.1% of the company), made as much as when they did cash out and still be sitting on 0.9% of the company. Oops for them.