If you are about to dump all of your pre-IPO shares you should not be allowed to say “Proud investor! Just getting started.”
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Replying to @rogerdickey
There is something called “fiduciary duty.” If you’re investing other people’s money, it’s not always your choice as to whether to sell once the company is public.
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Replying to @james_riney @rogerdickey
Also LP agreements generally. They hired you to do a job; the contours of that job were well-defined in a document drafted by very expensive lawyers; the job is over. They didn’t agree to you charging them 20% for appreciation they could get from public markets.
6:08 PM - 21 Apr 2019
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0 retweets
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