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The VCs all got paid their multiples. Google put a ton of money into the company which then repurchased select people's stock while leaving everyone else high
by gsibble 1y ago
The VCs all got paid their multiples.
Google put a ton of money into the company which then repurchased select people's stock while leaving everyone else high and dry.
- deanmoriarty 1y agoDo you know what are the mechanics that allowed the VCs to get repayed, but not the employees who did not take the Google offer? Is this an issue with liquidation preference, or was there something more shady going on that truly allowed VCs to make a “big” exit, while the employees owning common shares did not?
- gsibble 1y agoThe details have not come out about how they structured the deal, probably because it was shady as fuck.