Congrats to the founders for not taking much funding but for employees... this has to suck unless they get to sell their shares to Sequoia as well. (If they even got any options...) Maybe they don't compete for SV talent and most employees aren't used to even getting options as part of compensation.
Is there a specific reason a company would have IPO in mind but wouldn't say they are looking to do an IPO eventually? Is there a particular reason to say that?
Is there a specific reason a company would have IPO in mind but wouldn't say they are looking to do an IPO eventually? Is there a particular reason to say that?