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New funding round investors generally get seniority over old But new money may allow buyouts of existing at that time so early team or investors can cash out a
by lmeyerov 7mo ago
New funding round investors generally get seniority over old
But new money may allow buyouts of existing at that time so early team or investors can cash out a bit early
And common doesn't cash out till IPO or private market equivalent, or yes, gets screwed
- intrasight 7mo ago> About 200,000 people put money into the scheme, which offered a stake in the company, discounts and perks. Hopefully they took advantage of the discounted beer.