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There’s nothing wrong with setting up company structures that have radically different rights wrt. Shares; what is important is that the market prices them corr
by robbiep 7y ago
There’s nothing wrong with setting up company structures that have radically different rights wrt. Shares; what is important is that the market prices them correctly. And the market clearly has no idea how to price the control. Look at Facebook or many of the other major tech exits that have allowed ords to be priced from a ‘control’ perspective.
The market believes in a BDFL model at the moment and is being taught a bit of a lesson
- tim333 7y agoI guess if you are going to have a benevolent dictator, check they really are benevolent.
- zaphar 7y agoThe hard of a benevolent dictator isn't finding a benevolent person. Its ensuring they stay benevolent. That type of power has a track record of corrupting the holder.
- deleted 7y ago[deleted]