4 ms·
What is amazing that apparently investors are fine with having no say how the company is run: "Scaringe will hold all outstanding Class B common shares after t
by sireat 5y ago
What is amazing that apparently investors are fine with having no say how the company is run:
"Scaringe will hold all outstanding Class B common shares after the IPO and get 10 votes per share,"
The new normal (see Google, Facebook, Zynga, etc). You can own 6% of the company but retain full control.
You get to have your cake and eat it too if you are a founder.
As an investor in these modern Class A "shares" you are just playing the game of musical chairs.
Where is the fundamental value in Class A ?
It used to be that if you did not care for control, you either bought bonds or preferred shares.