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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

2737.319 - 2754.651 Imran Khan

At first they didn't, but after a lot of negotiation, we had to come up with the price. And at that time, Yahoo went through a lot of problems themselves. So we bought back the share and then we had to go raise the money, raise the $8 billion to buy back that 20% stake. Was it an easy process? It was difficult in a sense like, you know, getting Yahoo to do anything was tough.

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