>To get meaningful stakes at lofty valuations, investors often want to inject more capital than the startup needs. So they also buy stock from existing sharehol

>To get meaningful stakes at lofty valuations, investors often want to inject more capital than the startup needs. So they also buy stock from existing shareholders instead of writing a smaller check. “If we really believe in the company, we’d rather have more money into it,” Mr. Letteri said, declining to name specific companies. How the heck does a stake sale work? What a poorly written article. Do not waste your time. All the author talked about was the popularity of stake sales but did not go into any detail about them.(How they work, super specifics, etc)