We Spent $3.3M Buying Out Investors: Why and How We Did It

Re:We Spent $3.3M Buying Out Investors: Why and How We Did It by mcny on Wednesday August 29, 2018 @05:47PM (#17872364)

How do stock buybacks work (especially in a private company)? Do I as a shareholder access to all the information that the company does?

Not trying to sound smart but wouldn't a market with only one buyer mean they will pay the least possible amount?

I'm not trying to trash talk buffer. Just wanted to see if there's another angle to this.

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Re:We Spent $3.3M Buying Out Investors: Why and How We Did It by icelancer on Wednesday August 29, 2018 @08:36PM (#17873265)

One way it can be done:

We issue equity internally, not options. We hold right of first refusal and have independent appraisals of value of the business done, so when you leave, we have the right to purchase the equity back at the last appraised value of the company. Additionally, we also pay dividends (impacted by equity) and profit sharing (not impacted by equity but rather a percentage of salary) to our employees.

These things are what "lifestyle businesses" do, or what basically everyone outside of SV and indoctrinated MBA programs call... businesses.

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Re:We Spent $3.3M Buying Out Investors: Why and How We Did It by tptacek on Wednesday August 29, 2018 @06:21PM (#17872578)

You should talk to someone who works at Bloomberg. Bloomberg is a gigantic private tech company with an internal exchange where vested equity can be bought and sold among employees and the company.

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