SqueakyPickle
34moby
Byju's has raised nearly 6 billion in total and is now valued at 6 billion $. How does this work?
Byju's has raised nearly 6 billion in total and is now valued at 6 billion $. How does this work?
I mean won't this mean all equities of byju's will now be with VCs?
34mo ago
GoofyDonut
34mo
No, simply means a lot of investors are in the red
SqueakyPickle
34mo
No, I mean in case of liquidation preference, won't all equities go back to VCs. And in that case, what incentive does founders have to continue working with same zeal?
GoofyDonut
34mo
I’m sure they still hold a good percentage of the company 😅
JumpyCupcake
34mo
Future Ponzi 🔔🔔
SleepyBanana
34mo
Founders and top management have already cashed in tons of money :-)
Rest whatever is there could be split by order of preference in SHA.
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