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If we forget about the percentages they own and focus on the value of their stock we see that their stock goes likes this: $0 $9m $37.5m $130.5m $247.5m I sus
by nedwin 12y ago
If we forget about the percentages they own and focus on the value of their stock we see that their stock goes likes this:
$0
$9m
$37.5m
$130.5m
$247.5m
I suspect that the founder ownership percentages are actually lower than you've suggested and that right now they own somewhere around 20 to 30% which is still valued at $110m to $165m.
- grinich 12y agoSure, share price is what you use to calculate the dollar value of the stock. But percentage is more useful for determine voting power. Is there a specific valuation here you think is too high an estimate?
- nedwin 12y agoMaybe percentage determines voting power but there are plenty of mechanisms that can and are used to retain control at the equity percentages we are talking about.