Pls disclose secondary sales

21mo ago

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DerpyLlama

Microsoft21mo

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

ZoomyPancake

OYO21mo

Yes, cars and drivers at vp level and above

DizzyMochi

Stealth21mo

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

GroovyBoba

X (formerly Twitter)21mo

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

Stealth20mo

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

PhonePe20mo

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

GoofyWalrus

Stealth21mo

What is secondary sales?

ZoomyPancake

OYO21mo

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

Ola Electric21mo

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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