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Yeah, that's not how equity investing works. Even if you assume he had the worst in terms of anti-dilution provisions, that's still gonna be like 5% of a $50B
by ZachPruckowski 16y ago
Yeah, that's not how equity investing works. Even if you assume he had the worst in terms of anti-dilution provisions, that's still gonna be like 5% of a $50B company. If he gets Zuck's anti-dilution provisions, that's more like 20-25% of a $50B company.
- robryan 16y agoI think what I said came out bad, what I mean is if the question of ownership was at a certain value, as in the value at the alleged time of sale can you really lay a challenge on it at any future point in the company for say that 5% diluted equity. Seems to leave the door open for people to create technicalities in deals and then treat it as a risk free investment, if they can challenge for it back at any time into the future.
- ZachPruckowski 16y agoWhy wouldn't you be able to? Zuckerberg didn't allegedly defraud the plaintiff of cash, he allegedly defrauded the plaintiff of pre-Round-A Facebook shares. If I steal a lottery ticket from you and that ticket subsequently wins the Mega Millions or whatever, I don't just owe you the $5 ticket price, I owe you the lottery winnings, right?