By Larry Chiang
my @StanfordEng inspired #cs183clawback…
Clawback is when a founder buys something back. Typically, it’s stock.
This case it’s a car that served as startup, venture capital
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Darren Rovell (@darrenrovell) |
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“Papa” John Schnatter sold his 1971 Camaro for $2,800 to start his pizza biz. Bought same car back in 2009 for $275K! pic.twitter.com/QAFvN0vbY3
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So, Papa John is clawing back his car.
CS 183 was taught at Stanford by Peter Thiel. His first “franchise” was a sequel to Harvard law review and Stanford Law Review called “The Stanford Review” (at Stanford Law)
Peter talk about buying stock in yourself.
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Larry Chiang (@LarryChiang) |
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I love “clawbacks” 👀
See my @StanfordEng inspired #cs183clawback [new poster child is #PapaJohn]. Photo credit… twitter.com/darrenrovell/s… |
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Clawbacks are where we clawback the stock we sold to VCs. Clawback also is when we buy back a company we sold.
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Larry Chiang (@LarryChiang) |
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#CS183clawback *He loaned me money when I bought back my first business from an early investor* medium.com/@markgee/i-los…
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I love buying stock in ourselves. I love buying stock in a company we started.
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