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A comment on Automattic raises $300M at $3B valuation from Salesforce Ventures. Parent comment
Secondary: money from the financing that goes to employees, founders, or other existing shareholders.
Companies often use part of a financing to “take out” existing shareholders. Many larger financings are actually to a large extent a “secondary”.
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Secondary: money from the financing that goes to employees, founders, or other existing shareholders.
Companies often use part of a financing to “take out” existing shareholders. Many larger financings are actually to a large extent a “secondary”.