3 ms·
thats 5% of his equity if sold at the same valuation of the last funding ($47B). Its easy to point fingers at rich people, but this seems like a fairly logical
by blairanderson 7y ago
thats 5% of his equity if sold at the same valuation of the last funding ($47B).
Its easy to point fingers at rich people, but this seems like a fairly logical cash-out.
More stakeholders means more legitimacy.
- unreal37 7y agoHis net worth is listed at $4.1 Billion in Forbes, making this "cash out" about 25% of his net worth. Not 5%. The concern is that he's cashing out a large $ amount ($700 million) before the IPO, more than he needs to live, which may signify that he values the cash now over holding the stock. Which is not a good look considering the IPO is trying to get people to trade their cash for stock.