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ZoomyPancake
ZoomyPancake
OYO

Pls disclose secondary sales

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23mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
DerpyLlama
DerpyLlama
Microsoft23mo

I am pretty confident that they spend a lot under company expenses, like cars, personal staff.

ZoomyPancake
ZoomyPancake
OYO23mo

Yes, cars and drivers at vp level and above

DizzyMochi
DizzyMochi
Stealth23mo

Nothing as such in Unacademy, leaders are taking a cut twice this year, recent one was a 25%

GroovyBoba
GroovyBoba
X (formerly Twitter)23mo

Talking about the salary of founders is dumb, it's all about that equity. They can take a loan on equity and end up living like kings without paying any taxes or drawing any salaries

BouncyBiscuit
BouncyBiscuit
Stealth23mo

Which NBFC gives a loan on unlisted equity and at what interest rate? Or are you referring to a loan from the company itself?

QuirkyMochi
QuirkyMochi
PhonePe23mo

Which bank in India gives a loan on basis of unlisted company shares?

GoofyWalrus
GoofyWalrus
Swiggy23mo

What is secondary sales?

ZoomyPancake
ZoomyPancake
OYO23mo

Founders create some liquidity for themselves during funding by selling their shares.

https://www.growthmentor.com/glossary/secondary-sale/

Real money is made in secondary sales.

WigglyDonut
WigglyDonut
Ola Electric23mo

The gallery of rogues 👹.. unbelievable that a company that does revenues of 13.5 Crs should be worth USD 0.5 bn 😱..

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