Comment on Why Y Combinator is a waste of timeparentComments−pg19yMicrosoft took funding before their IPO. I've never understood why; it has the smell of a bribe; but they did. Apple took a lot of funding.−nostrademons19yFrom what I read, Microsoft took a mezzanine round before IPO because VCs have connections to investment bankers, and Microsoft needed investment bankers to make the IPO process run smoothly. So yeah, it basically was a bribe.
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Microsoft took funding before their IPO. I've never understood why; it has the smell of a bribe; but they did. Apple took a lot of funding.
From what I read, Microsoft took a mezzanine round before IPO because VCs have connections to investment bankers, and Microsoft needed investment bankers to make the IPO process run smoothly. So yeah, it basically was a bribe.