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NancyLebovitz comments on Politics Discussion Thread September 2012 - Less Wrong
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Comments (195)
His problem was that he'd traded equity (98% of it) for a lot of the work done on Magic, and the people who held that equity wanted to be able to cash it out.
I don't know whether selling bonds could have helped anything.
He sold his rights, then groused when those he sold them to did something other than he wanted with those rights?
Sounds like he wanted to have his company, and sell it too.
I don't think he especially wanted to sell his company, but (at least as I understand the way he told it) , too many of the people who had equity wanted a chance to cash out for him to be comfortable not doing so.