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This line of thinking has been thoroughly discredited. Many of the most successful companies today had founders that took money off the table early. If they di
by staunch 15y ago
This line of thinking has been thoroughly discredited. Many of the most successful companies today had founders that took money off the table early.
If they didn't believe in the company they could just sell it today for $500 million (or whatever) and put $50 million in their pockets instead of $5 million.
- steve8918 15y agoTaking money off the table implies selling their stake, ie. shares. They didn't sell their shares. They gave themselves a one-time dividend.
- staunch 15y agoYou're right that selling shares is far more common, but the concept is the same. The founders raised an extra $20 million so they could sock it away themselves.