And this is why the IPO market is broken. VC's are riding startups through multiple rounds of funding for way longer than before then dumping the late stage mat

And this is why the IPO market is broken. VC's are riding startups through multiple rounds of funding for way longer than before then dumping the late stage mature companies onto the public markets. Those that locked in their returns, recieved the proceeds of thier 1.4million shares of $142.8 million into their accounts just before the bell rang for the market open. The bell rang everyone cheered and the shares they just sold are worth $196 million. Regular joe with a robin hood account makes the money and the CEO/VC loses money ... who knows more about the company though? > Even if you completely believe in the future of the company, locking in returns and getting some liquidity Worth it if you get $10 a share instead of $100? All about value. Why not dump some out in the previous 8 funding rounds? The reason is not many VCs would be in there cashing out the guys from the previous rounds, or would only do so at a heavy discount or to gain control over the company.