Levine: Pinterest's $1M Seed Stock Buyback Was Its Best Capital Use
Jeremy Levine · 20VC: The Pinterest Memo: Bessemer's Jeremy Levine on The Secret To Success within User Generated Content Plays, Where Most Investors Make Mistakes When Analysing Consumer Social and How The Pinterest Deal Wouldn't Have Happened without a Diverse Partners · Mar 24, 2021 · at 14:25
Jeremy Levine is a Partner at Bessemer Venture Partners who led the firm's Series A investment in Pinterest.
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“The company actually bought back some of the stock from those very early investors. It wasn't a large amount, but it might've been another million dollars. And so it was probably the best use of capital the company ever could have come up with, given what that stock ended up being worth, not that many years later.”
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