Secret aside, if you think "Founders took money off the table and then company crashed!" is a WTF, let me explain the deal VCs get.
@corywilkerson If you're a VC, managing limited partners' money and making investments from it, yes, this is standard and customary.
-
-
@patio11 I get that - I'm talking about the founder taking a 'fee' as well... -
@corywilkerson Founders generally get salaries. Less frequently, but more common now, they sell founder stock in a "secondary sale." - 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.