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This article was on the front page of the Wall Street Journal today. One thing that struck me when I read it this morning is that the headline is practically un
by declan 11y ago
This article was on the front page of the Wall Street Journal today. One thing that struck me when I read it this morning is that the headline is practically unrelated to the article: the word "rich" appears only in the article's 7th paragraph, and the bulk of the piece is pretty straightforward reporting on Box's fundraising efforts.
Box's market cap is approximately $2B. If the founders ended up with, say, $150M combined (the article says over $100M), it may be a relatively small slice -- but of a pretty big pie. I suspect 99.9999% of HN readers would be happy with the results that those two folks managed, and the fact that the company, in this post-Sarbox era, conducted a successful IPO. To put it in perspective, I'm not aware of a single YC-backed company that has had an IPO, though Dropbox seems a likely near-term candidate.
- dang 11y agoWe replaced the title with the subtitle, which is hopefully more accurate.