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by moxious
3220 days ago
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It was known previously that elements on the board wanted IPO, and this is something you'd have to get ultra clear before you'd be given the job. I hope. So while the timeline can't be precise, I'm guessing this isn't floating a trial balloon, this is whats happening. There are a lot of people waiting for their liquidity. |
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Love or hate Benchmark, they bet on them and now they want to cash out. An IPO might make their stake worth 2X so can't blame them for advancing their interests. If someone offered then an out at $100B valuation they'd sell, I'm sure.
Personally I think that as a public company they will be under more scrutiny and cannot do "startup" things...like breaking taxi laws around the world.