A couple low ones surprised me. How did Aaron Levine wind up with so little of Box? Many cofounders to share with? Large server costs requiring VC? Down round?
Box spent a lot of money on sales and marketing acquiring customers and so IPO'd after in 2014 after being at a net loss of $168M over the course of 2013. Levie had to give up a lot of equity to justify raising more money. More in this TC article: https://techcrunch.com/2014/03/24/hotshot-ceo-aaron-levie-wi...
Thanks! That must have been humbling, though it got Box through the ordeal and I am sure he is doing fine.
Box has lots and lots of founder and unnecessary executive people