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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
by 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 agoCould be participating preferred, accumulating dividends, etc. There's a lot more to it than straight %.