In case you don't know, Y Combinator sold about half of its holdings(Dropbox) to other investors at around the same time as the series B financing round led by Index.
That’s the only time that Y Combinator has ever sold any portfolio company’s shares in a secondary transaction.
I don't understand why YC did that? It seems like not a good move.
That’s the only time that Y Combinator has ever sold any portfolio company’s shares in a secondary transaction.
I don't understand why YC did that? It seems like not a good move.
Source: https://www.recode.net/2018/3/22/17150770/sequoia-dropbox-ip...