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It doesn't really, but this leads to a situation where leadership kneecaps growth or hastily sells when around a $999 million valuation.
by Workaccount2 3y ago
It doesn't really, but this leads to a situation where leadership kneecaps growth or hastily sells when around a $999 million valuation.
- bearjaws 3y agoI can assure you, every founder I've worked with would go public before kneecapping growth or value. It's not like when you sell your company you actually get all your equity as cash, you are certainly still working at your company for a year or more afterwards, with performance incentive stock options based on growth...
- mbesto 3y ago> company you actually get all your equity as cash But many times you get a significant portion, enough that many founders can simply coast and it doesn't matter. > you are certainly still working at your company for a year or more afterwards, with performance incentive stock The meme of founders who sell their companies to Google and just sit there and do nothing has some truth to it. Btw - when you go public you now have a very different set of "still working at your company" set of challenges and probably far worse with much more public scrutiny. You now answer to securities analysts, shareholders, lawyers, etc.