Gaurav Dhillon

And in that kind of public environment, there wasn't an appetite for risk.

There was more of an appetite to harvest earnings per share and so on.

So

You know, it was time for me to move on.

In hindsight, I was probably crisp a year or two before I did move on.

Yeah.

So, look, I am not a cold hearted capitalist.

I'm a company builder.

For me, wealth is a byproduct.

And it's just who I am.

You build something great, there's enough for everybody.

So how did we do it?

So first of all, when I did the IPO, I was able to sell some of my shares after the IPO in a secondary, which is a very good way.

There was no lockout?

No, because in the secondary process, you're registered with the SEC for a secondary sale of shares.

And some of those shares are sold to, some of the proceeds go to the company and some of the proceeds go back to the selling shareholders, which were some venture capitalists.

I took a portion of my shareholding and sold it, but it's an open and public view.

There's a book, you build a book.

Thanks to Charles Phillips and some of the people at Morgan Stanley, some of Franco Tron's team here in Silicon Valley, we did a $480 million secondary.

Most of the proceeds went to the company, but not all.