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Marc Andreessen on Building Netscape & the Birth of the Browser
a16z Podcast
The Cost of Demanding Cash Over Stock
The decision of the university administrators to demand cash instead of stock from the speaker and others cost them at least a billion dollars in direct stock plus significant downstream philanthropy and other losses. It is estimated that the decision cost them around $3 billion in 1990s dollars. Despite attempts by subsequent administrations to repair the relationship, the speaker remains upset and holds a grudge.
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