Departed Tumult co-founder retained equity because the company is cash-flowing
Jonathan Deutsch · 968 How Tumult Hit $5m in Sales, Handled Co-Founder Leaving for Apple · Mar 19, 2018 · at 5:21
Jonathan Deutsch explains why Tumult did not buy back the equity from his departed co-founder.
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“Due to the mechanics of how this is a little bit more of kind of a cash business we actually didn't go through with the deal, so he still owns a percentage of the company.”
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