Paywalled: One Year in, Bird Founder Sells Some Shares
The founder of Bird, a year-old scooter rental service that has attracted $450 million from investors, including Sequoia Capital, already has sold some of his shares, according to people who were briefed on the unusual move. A regulatory filing suggests that the founder, Travis VanderZanden, might have received at least several tens of millions of dollars from the sale, but the exact size of the sale couldn’t be learned.
Since I can’t read the full article, I don’t know what conclusion they’ve drawn or what they’re insinuating.
The sale could mean anything.
Besides, who wouldn’t want to have some of that stock?
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