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joeblubaugh
on June 12, 2024
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Silicon Valley's best kept secret: Founder liquidi...
After the Series B for my last company the three founders owned something like 45% of the outstanding shares, and when they sold took out something like 40% of the price. What were the rounds like that led to less than 10% after 3ish rounds?
sokoloff
on June 12, 2024
[–]
I read GP as very few founders
individually
have double-digit ownership, not collectively.
sunk1st
on June 12, 2024
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parent
[–]
45 divided by three is 15 is double digit.
kelnos
on June 13, 2024
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root
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[–]
Yes, but a single example of this doesn't make it common.
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