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I am generally supportive of founders taking some money off the table, but not so much that they necessarily get post economic. When a founder ends up with su
by payne92 10y ago
I am generally supportive of founders taking some money off the table, but not so much that they necessarily get post economic. When a founder ends up with such a concentrated position, I think it is reasonable for them to diversify.
BUT, I think the criticism here is absolutely justified. It should not have been done as a common stock dividend using new investor money. If a founder wants money now, they should give up a proportionate right to money later.