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I was co-founder of a software company’s old during internet bubble. My partner funded everything so we split shares 80-20. Then we both got substantially dilut
by valuearb 8y ago
I was co-founder of a software company’s old during internet bubble. My partner funded everything so we split shares 80-20. Then we both got substantially diluted by two rounds of investment and 140 employee share packages. I think i had 5% at the end.
When sold we got 15% in cash, and 85% in stock in the public internet company, that was locked up for one year. The cash was a $800,000+ check. A year later i sold the stock for maybe $150k.
- nodesocket 8y agoDo you regret selling the stock, unless the parent company went under.
- valuearb 8y agoNo, my average sale price was about $1. The purchasing company was sold a year later for fifty cents a share. If I could have sold earlier I would have. Even then i understood a near revenue-less business couldn’t be worth $500M+.