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A comment on Magic Leap Ships First Set of Devices Under Tight Security Constraints. Parent comment

Re:Magic Leap Ships First Set of Devices Under Tight Securit... by ynniv on Friday March 30, 2018 @11:43AM (#16717035)
This is news to me. Has it been reported anywhere?
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Re:Magic Leap Ships First Set of Devices Under Tight Securit... by Retric on Friday March 30, 2018 @12:12PM (#16717334)
It's called 'taking money off the table' and it's very common. EX: We knew that in Groupon's past two financing rounds, founders had taken money off the table. http://www.businessinsider.com/groupon-ipo-insider-selling-2...

Companies need to be huge before this before founders get's into the 10+ million dollar range, but even VC do this: http://avc.com/2018/01/taking-money-off-the-table/

Further, it's often encouraged as founders that take out enough money not to have significant financial concerns are more willing to aim for the fences.

[ Parent | on HN ]