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Or they need the money to speed up the development. In some sense taking any investment is like betting against yourself.
by adamnemecek 5y ago
Or they need the money to speed up the development. In some sense taking any investment is like betting against yourself.
- toomuchtodo 5y agoIt’s Other People’s Money making the bet. The worst that happens is Rivian fails and post-IPO equity investors lose everything. Founders, early investors, others getting liquid took money off the table (presumably). You’re not losing or betting against yourself if you got liquid and someone else is holding the bags.
- lmeyerov 5y agocurrent investors get a markup, leadership cashes out. if they can do it and market is frothy, derisks and may be years/never they could do it again, esp at these levels