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2025-05-28 17:01:58 UTC
in reply to

Tony Stubblebine on Nostr: Yeah, that all started changing over the last few years and I can give you an ...

Yeah, that all started changing over the last few years and I can give you an official update.

A) there are zero VCs on the board right now or with rights to appoint a board seat.

B) I took over in 2022 and Ben left before I had my first board meeting. Kevin had left long before that.

C) we did a full recap in April 2023 and at that point A16Z lost a lot of their equity position and lost all of their preferred stock (converted to common).