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Stanford Engineering cs183 + a Darren Rovell Tweet Shows Us Clawbacks

by Larry Chiang on February 4, 2017

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 
Darren Rovell (@darrenrovell)
“Papa” John Schnatter sold his 1971 Camaro for $2,800 to start his pizza biz. Bought same car back in 2009 for $275K!

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. 

Larry Chiang (@LarryChiang)
I love “clawbacks” 👀
See my @StanfordEng inspired #cs183clawback
[new poster child is #PapaJohn]. Photo credit……

Clawbacks are where we clawback the stock we sold to VCs. Clawback also is when we buy back a company we sold. 

Larry Chiang (@LarryChiang)
#CS183clawback *He loaned me money when I bought back my first business from an early investor*…

I love buying stock in ourselves. I love buying stock in a company we started. 

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