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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Why the IPO Market is not Closed | Why Revenue Multiples are BS and Founders Need to Change | Advice From Jack Ma, Jamie Dimon and Evan Spiegel | Lessons from Taking Snap & Alibaba Public with Imran Khan

2720.162 - 2736.839 Imran Khan

She got fired. So the new CEO came in. That time we approached Yahoo and said, hey, listen, we're going to buy back 20% of our stake. We're going to pay $14.40, which is, I think, valued at $40 billion. So you're going to get $8 billion or so cash. So that's great for Yahoo. You can return the capital to your shareholders.

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