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If everyone who invests in the company plays by these rules, I'm all for it. Unfortunately, the true narrative is: "Founders and employees are only supposed to
by raganwald 15y ago
If everyone who invests in the company plays by these rules, I'm all for it. Unfortunately, the true narrative is: "Founders and employees are only supposed to get actually rich a few years after the IPO, however VCs, Investment Bankers, and their cozy clients can get stinking rich immediately."
If you are willing to make the VCs and other bankers wait a few years, I have no problem with founders and employees waiting a few years as well.
- raganwald 15y agop.s. Conjecture: if the VCs had to wait for years to cash out, Groupon would be a very different company with much stronger fundamentals and less emphasis on flashy growth.