5 ms·
Clearly you still don't understand. They didn't sell 4% of their stake. If they did that, it would be somewhat reasonable. What they got was a dividend. In othe
by ssx 15y ago
Clearly you still don't understand. They didn't sell 4% of their stake. If they did that, it would be somewhat reasonable. What they got was a dividend. In other words a bonus.
And yes the figure is still "large" because it is 1/6th of their funding that goes to their pockets, rather than the company.
- sunir 15y agoIt would be completely reasonable if they sold equity to take money from the round. Alternatively they could offer a retention bonus to everyone based on current salary.