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That usually happens for well established companies/unicorns. I don't think someone raising seed/A or even series B can just rake millions into his pocket when
by weatherlite 4y ago
That usually happens for well established companies/unicorns. I don't think someone raising seed/A or even series B can just rake millions into his pocket when the company isn't even close to profitable. But maybe I'm just naive?
- altdataseller 4y ago1 of the cofounders of Buffer did that years ago. Got $1 million in his pocket at the Series A
- weatherlite 4y agoWow. Why the hell do contracts allow for this lol, that's crazy. Also - I think this is an American thing.