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Probably related. Their current fundraising efforts are enormous. Rumor is the minimum check they'll accept is $250 million. Valuation in the $150 billion rang
by cj 2y ago
Probably related. Their current fundraising efforts are enormous.
Rumor is the minimum check they'll accept is $250 million. Valuation in the $150 billion range.
It would be surprising if these exits weren't in some way connected to the fundraising. (And not sure if these exits will be seen as a positive or a negative to would-be investors)
- lumost 2y agoPossible the people writing those checks want more experienced people in those positions, or their own people. Or the execs figure a ~150x growth ride in 6 years is about the best that they can hope for and are ready to bounce. If I were in their shoes I'd look to take out 50-100 MM and decide what I want in life.