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by MobileVet 2460 days ago
Yes... And Softbank was so high on kool-aid they let Adam sell them $700M of his stake. Absolute worst use of investment at that level...

Taking a little out to derisk yourself after a B or greater round is reasonable. Taking almost 10% of a round is obnoxious.

1 comments

ya i was surprised that he was able to extra so much money also.