Word is that the 3-4 billion that Robinhood raised recently severely diluted employee stock. I am in the middle of an interview at the moment and planning on walking away because of their lack of transparency towards their customers and their employees.
huh? every fund raise diluted employees. it also increases the value. dilution is the only way to increase the valuation. you don’t need “the word” to know about this dilution. it is known.
All fund raising rounds dilute employees. There’s no “lack of transparency “ there.
Do you think raising money within a day is going to give them any favorable terms?
And, BTW, the lack of transparency with their customers is a real thing.
I think the point here is that it could even be a down round (fall in valuation)
we already know it isn’t. it’s debt that converts at 30bn
sry I meant for the initial 1b
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I had read it was a convertible note. So when converted it will definitely dilute everyone.