Some fascinating forensic investigation and speculation on Bird's funding ramp, cap table and founder liquidity to the tune of $44M by @theinformationhttps://www.theinformation.com/articles/one-year-in-bird-founder-sells-some-shares?eu=yx1tGklhGNkDwPfw2mZ1rw&utm_medium=email&utm_source=sg&utm_campaign=article_email …
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IMO 100% fair for him to sell secondary then
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If and only if employees can sell same %
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No, because in this instance the founder was paying their salaries in early days. He took outsized risk with his own cash.
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For that risk he has loads more equity. I did the same, paid employees from my own wallet. Idon't see a reason why if I took $$ out of a secondary that my employees couldn't also (as a %).
End of conversation
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That’s a big chunk. Isn’t that too negative of a signal? I understand taking some money off the table but this...
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