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The major investors (Bessemer, USV, Fidelity) amount to 48.2%. Bear in mind that other founders and employees will also hold equity, and that Jeff Lawson alread
by matthewowen 10y ago
The major investors (Bessemer, USV, Fidelity) amount to 48.2%. Bear in mind that other founders and employees will also hold equity, and that Jeff Lawson already cashed out a big chunk of equity (detailed in the doc).
Given that Twilio has raised a lot of money across a number of rounds (six listed in the document) as a loss making company, none of this seems that strange to me.
- cissou 10y agowhere do you see that? I don't know how to read those things
- mikeyouse 10y agoPage 143, or ctrl + F for "All executive officers and directors as a group (9 persons)".
- cissou 10y agoit says how much they own, but not how much Jeff cashed out, right?
- mikeyouse 10y agoAh, my bad, thought you were looking for the ownership numbers. He cashed out $15.6M worth in two transactions. Page 139. Quick math, without his share repurchases, he'd own roughly 15% of the company. 2-3 percentage points for $15M in cash seems like a pretty good deal. 2013 Repurchase: $6,355,308 2015 Repurchase: $9,310,100 Evan Cooke cashed out $4.4M in the same transactions.