This might be an extreme one, but the Bird founder appears to have cashed out $44m.
It makes sense for VCs to let founders cash out a bit -- just so you can be comfortable and focus on hyper-growth of the business rather than making short term decisions. I've heard the amounts are usually more like <3M (enough for a house and car or college for kids) and not like the example above. The more the founder cashes out, theoretically the less incentivized they are to grow the company.
https://www.theinformation.com/articles/one-year-in-bird-fou...
This might be an extreme one, but the Bird founder appears to have cashed out $44m.
It makes sense for VCs to let founders cash out a bit -- just so you can be comfortable and focus on hyper-growth of the business rather than making short term decisions. I've heard the amounts are usually more like <3M (enough for a house and car or college for kids) and not like the example above. The more the founder cashes out, theoretically the less incentivized they are to grow the company.