• rumba@lemmy.zip
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    9 hours ago

    You don’t have to IPO to cash out, people cash out of private ventures all the time.

    If the founders all want to cash out at once, or there’s a iceberg that the see, or the company isn’t as liquid as it needs to be to cash out…

    I strongly suspect they either can’t find or sustain the profit, or they think the bubble is close enough to get out early.