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by grinich
3970 days ago
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Sometimes it's a much larger portion. For example, when Twitter raised its last pre-IPO round of $800 million, half of that immediately went to cash out early employees and investors. FB also did this when DST invested. Most venture funds aren't set up for the current timeline to liquidity (I'm sure to VC's chagrin). http://www.wsj.com/articles/SB100014240531119035202045764823... |
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