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this post was submitted on 29 Mar 2024
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I have nothing I'm willing to defend about Reddit management, I love the idea that they will end up penniless one day (though I'm sure that will not happen.)
I just don't think selling off 25% of one's shares (necessarily) means what has been suggested.
What would you agree means that they don't have faith in their business?
Selling everything = I have no faith
Keeping everything when these shares represent almost your entire net worth = I know with 100% certainty that this business will grow
Selling off 25% = I believe in the company, but I also acknowledge that there are many variables outside of my control that can affect the success of this company and I don't want those to have huge negative repercussions on my life.