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by jpmattia
4474 days ago
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> I don't know all of the history, but I was under the impression that this was a relatively recent phenomenon. It is. It used to be seen as a sign of lack of confidence in your company that you would take money out, because if you believed that your company was heading for the moon you would want every share possible. BTW, the same was true for earlier investors: Non participation was the kiss of death. FD: Info from about 10 years ago. |
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