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A comment on Lyft Files S-1. Parent comment

Re:Lyft Files S-1 by JumpCrisscross on Friday March 01, 2019 @01:42PM (#19283945)
> Painful amount of dilution

Lyft had a modern secondaries policy. Many early people sold shares.

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Re:Lyft Files S-1 by prostoalex on Friday March 01, 2019 @03:12PM (#19284811)
Secondary sales is existing shares changing hands, there's no dilution.
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Re:Lyft Files S-1 by JumpCrisscross on Friday March 01, 2019 @04:19PM (#19285355)
> Secondary sales is existing shares changing hands, there's no dilution

Sorry for being unclear. I was positing an alternative mechanism, apart from dilution, through which the founders could have ended up with a small share of the company.

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