A word with Zenefits CEO
“At some point, this company will want to sell its shares again, and future prospective shareholders will look closely at how we treated our current shareholders” – Zenefits CEO David Sacks after the company revalued itself at $2 billion, as opposed to its prior valuation of $4.5 billion, giving later shareholders more ownership. Marc Andreessen of Andreessen Horowitz, aka a leading investor in Zenefits, is feeling proud.
Some are feeling annoyed.
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