3 ms·

I'm guessing the founders took a decent chunk off the table...

• paraschopra 15y ago
  Yes, that seems to be pretty much the norm these days. But at valuation of $4B (as reported by TC), $250 million is just 6.25% dilutions so founders (and other early investors) did get a pretty good deal.
  • suking 15y ago
    Could be participating preferred, accumulating dividends, etc. There's a lot more to it than straight %.