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A comment on The Median Level of Founder Ownership at Exit. Parent comment

Re:The Median Level of Founder Ownership at Exit by jhchen on Friday November 04, 2016 @01:07PM (#12874112)
Atlassian, which just IPOd this year, was famously bootstrapped. There are two founders, each with 37.7% [1], so the table is misleading and the should really be 75.4%. Atlassian eventually took funding from Accel, 8 years after its founding.

It is also curious the table rounded Accel's ownership up (12.7 -> 13), but truncated the founders' (37.7 -> 37).

[1] https://www.sec.gov/Archives/edgar/data/1650372/000155837015...

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Re:The Median Level of Founder Ownership at Exit by wwalser on Friday November 04, 2016 @03:30PM (#12875289)
Atlassian's funding wasn't typical VC growth money either. The first round was taken off the table by the founders and was primarily a mechanism to get board members in preparation for a US based IPO. They also took a second round, 100% of which which went to early employees in the form of a secondary market sale for stock options.
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