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Jay Adelson founded Equinix: http://en.wikipedia.org/wiki/Equinix http://en.wikipedia.org/wiki/Equinix. It doesn't seem like he'd be hurting for cash.
by kobs 18y ago
Jay Adelson founded Equinix: http://en.wikipedia.org/wiki/Equinix http://en.wikipedia.org/wiki/Equinix. It doesn't seem like he'd be hurting for cash.
- obelix 18y agoEquinix went through a 32:1 reverse stock split. The founders pretty much got wiped out of its stock. http://sec.edgar-online.com/2003/05/15/0001012870-03-002591/Section15.asp http://sec.edgar-online.com/2003/05/15/0001012870-03-002591/... In his own words: "Well, to clarify, I still provide consulting to Equinix. As for the money I made from that venture, suffice to say the reverse split nuked my founder's wealth for morbid. There was enough to secure my kids' college education (if they need money from me, who knows), and enough to buy me a new minivan. Anything left is for my parents who deserve every penny. I never said I had a desire to be a VC..." http://blog.adelson.org/2006/09/im_going_to_try.html http://blog.adelson.org/2006/09/im_going_to_try.html
- kobs 18y agoAh, well that's unfortunate.