You guys are missing the point. Github did not raise money BEFORE they figured out how investors would generate a return. They are likely to have an IPO. That'

You guys are missing the point. Github did not raise money BEFORE they figured out how investors would generate a return. They are likely to have an IPO. That's a decision you make before you decide to raise money. It is also a decision you discuss with the investors. If you take the money from them, without aiming to some sort of exit - or rather, under the pretense that there will be some exit and then "change your mind", that could easily be classified as fraud. Now...please don't be mistaken. I am not saying that Ryan Carson has committed fraud....but this is a big big deal - assuming that his investors were under the impression that they would have some sort of exit.