Hacker News Reader

Interesting that the founding CEO owns only 1.5% of the company while the current CEO owns 2.5%. Wonder if this is because of secondary or dilution? How much does the other cofounder (Gagan) hold? I would have thought this was a huge success story for founders but it might not be?

View on HN

They probably required massive rounds of dilution in each round to fund all the user acquisition to get to the next round.

Per Crunchbase, it looks like they raise every quarter or so, and they lose anywhere between 10-20 million a quarter (amateur numbers compared to something like uber).

Reply on news.ycombinator.com