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How much of that $300M was a secondary to founders and employees? We may never know.
by ttul 7y ago
How much of that $300M was a secondary to founders and employees? We may never know.
- photomatt 7y agoYou will know, because we announced it. :) It's 100% primary. There's been a lot of additional interest so probably more secondary in the future.
- ttul 7y agoFrom the horse’s mouth, as they say. This is an impressive sum of new capital for growth activities.
- interactivecode 7y agoWhat does this secondary and primary mean?
- ttul 7y agoPrimary: money from the financing that goes to the company. Secondary: money from the financing that goes to employees, founders, or other existing shareholders. Companies often use part of a financing to “take out” existing shareholders. Many larger financings are actually to a large extent a “secondary”.