Sequoia imposed four-year vesting despite Cisco booking $250,000 a month
Sandy Lerner · Cisco Systems & Urban Decay: Sandy Lerner (2018) · May 10, 2021 · at 31:20
Cisco co-founder Sandy Lerner recounts the investment terms imposed by Sequoia Capital after founders self-funded the startup for three years.
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“Len and I walked into a four-year vesting plan after funding the company for three years, clearly a mezzanine investment. We're making, we're booking a quarter million dollars a month at that point.”
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