Click For Photo: https://techcrunch.com/wp-content/uploads/2019/06/tc-equity-podcast-ios-2.jpg?w=711
Welcome back to this week’s transcribed edition of Equity.
This was a big week of news that the Equity duo had to cover. Kate was at the Code Conference, Fortnite maker, Epic Games bought Houseparty, and a bit more on the Bird-Scoot deal.
Talk - CrowdStrike - IPO - Way - Discussion
Then came talk of the CrowdStrike IPO, which gave way to a heated discussion about dual-class shares.
Alex Wilhelm: I think it’s honest. I think giving the public one vote per share, and giving yourself 10 so you retain greater than 50% of voting is a sop. I think it’s ridiculous. Just fly under your own flag. If you don’t want to share any control, then don’t. If you want to have a company with a functional governance, that adheres to historical norms for how this stuff works, then have votes. This 10 versus 1 thing is a fracking farce, because I can’t swear on this show, so you can fill that in yourself. If you want to look at a historical example of a company that didn’t have this setup, it was Amazon, which historically thinks far ahead, and has done fantastically well. It’s public company growing from a, I believe, under nine-figure revenue. The idea you can’t...
Wake Up To Breaking News!