People are saying that one of the founders sold $150m+ of their equity and the vc's couldn't stop them... and proceeded to get a 70 foot yacht. With no remaining incentive to build the business, it's no wonder they are out.
“Once in the dear dead days beyond recall, an out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, ‘Look, those are the bankers’ and brokers’ yachts.’
‘Where are the customers’ yachts?’ asked the naive visitor.”
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People are saying that one of the founders sold $150m+ of their equity and the vc's couldn't stop them... and proceeded to get a 70 foot yacht. With no remaining incentive to build the business, it's no wonder they are out.
“Once in the dear dead days beyond recall, an out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, ‘Look, those are the bankers’ and brokers’ yachts.’
‘Where are the customers’ yachts?’ asked the naive visitor.”