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Why does Jack Dorsey only own 4.9%?
by nashequilibrium 13y ago
Why does Jack Dorsey only own 4.9%?
- deleted 13y ago[deleted]
- chollida1 13y agoProbably due to this... http://venturebeat.com/2011/09/08/twitter-400-million-round/ http://venturebeat.com/2011/09/08/twitter-400-million-round/ http://venturebeat.com/2011/09/08/twitter-400-million-round/ http://venturebeat.com/2011/09/08/twitter-400-million-round/ > Sources cited by the Financial Times claim DST has invested $400m for a 5% stake in the company, with US mutual fund T Rowe Price and an internet fund managed by JPMorgan leading a group of other investors. I doubt Jack put in an equivalent amount to ensure he didn't get diluted:)
- muzz 13y agoAn investor buying 5% of the company doesn't cause a lot of dilution. Earlier rounds were certainly more dilutive.
- zinssmeister 13y agobecause Jack developed twitter during employment at Odeo, which was the company of Evan Williams and Noah Glass. Eventually they would spin it out. I think 4.9% is a fair stake (when you are not risking everything to make an idea work but rather rely on your current employer to build things up with you).