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"this seems like pretty naked evidence of $ > all." Is this even the case? Did any investors make any money on Zenefits? If so, how? Edit: Maybe investors d
by muzz 10y ago
"this seems like pretty naked evidence of $ > all."
Is this even the case? Did any investors make any money on Zenefits? If so, how?
Edit: Maybe investors didn't make any money, although it looks like Conrad himself sold $10M of stock before things hit the fan: https://www.buzzfeed.com/williamalden/zenefits-co-founder-sold-stock-months-before-scandal https://www.buzzfeed.com/williamalden/zenefits-co-founder-so...
- flylib 10y agothe company still has a paper valuation of 2 billion (it got cut from 4.5 to 2 billion last year), not a total wash like the media make it sounds, for companies started from 2013-present, Zenefits still has one of the highest valuations at the moment
- muzz 10y agotrue but that valuation was from last year they just had a whopping 45% layoff, so highly doubt the current value is anything near that at least Conrad was able to sell high