Understanding Duolingo’s quiet $10M raise

Re:Understanding Duolingo’s quiet $10M raise by bravura on Tuesday April 28, 2020 @07:54PM (#23013591)

What's weird about this round is that they gave away a board seat to a new outside investor, who has ownership of under < 1% of the company.

Is this common? I thought board seats were prized, and only given in deals where the investor is capitalizing the company and owning something like 20% post-money.

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Re:Understanding Duolingo’s quiet $10M raise by cbowal on Tuesday April 28, 2020 @08:56PM (#23014050)

The new seat is an "observer" seat which doesn't have a vote.

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Re:Understanding Duolingo’s quiet $10M raise by gumby on Tuesday April 28, 2020 @11:36PM (#23015042)

I have never understood the value of an observer seat as you get exposure and concomitant liability without the ability to actually vote on something. Plus observers are not included in the usual D&O package.

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