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More or less, yes. The founders sell some of their stake for cash so that they are left free to focus on the company rather than worrying if they are going to m
by cheald 13y ago
More or less, yes. The founders sell some of their stake for cash so that they are left free to focus on the company rather than worrying if they are going to make rent.
- mathattack 13y agoExactly. It's very rare that they take all the money off the table, but it's enough to easily pay the bills, while still leaving them with enough of a stake to shoot for the moon.
- danhak 13y agoI don't think anybody's worried about making rent: http://la.curbed.com/archives/2013/12/snapchat_cofounder_just_dropped_21mm_on_a_house_in_venice.php http://la.curbed.com/archives/2013/12/snapchat_cofounder_jus...