3 ms·
My contention is Instagram already decided to sell to FB prior to the investement. However Mark, being the Zuckester he is, wanted to do the large majority of t
by rokhayakebe 15y ago
My contention is Instagram already decided to sell to FB prior to the investement. However Mark, being the Zuckester he is, wanted to do the large majority of the deal using stocks only (that's gangster). Instagram raised money so the founders and team would have cash, and the investors get a chance to have more pre-IPO FB stock.
Note: Maybe this is what the post is about. I have not read t yet.
- blhack 15y agoTotally, totally gangster. (seriously, what?)