An embarrassing e-mail that recently leaked onto tech blogs revealed that Airbnb's latest venture capital round includes a $21 million cash-out for the company's founders, extending the disturbing trend of generous early payouts at tech startups.
In the note intercepted by All Things D, venture capitalist Chamath Palihapitiya told the San Francisco company's chief executive that he was passing on the recent $112 million round not because of the cash-out, but because it failed to adequately spread the financial love to rank-and-file employees.
"I really think you can do better than this ... and that you are better than this," Palihapitiya wrote.
To read the full, original article click on this link: Early payouts to startup execs a troubling trend
Author: James Temple
