Clay Tender Offer

Key Takeaways

Clay is doing something kind of awesome for their employees. They're letting employees who have worked at the company for at least a year participate in a $20 million tender offer. This is going to be offered at a $ 1.5 billion valuation led by Sequoia. Now Clay has over a 100 employees, so it's not like these employees are cashing out huge amounts, but reportedly they'll be able to get something similar to a year salary. Clay isn't the only company that has allowed this recently, but I certainly think it's a bit earlier than usual to allow it, and it is so awesome for employees to be able to take some money home. I wish more companies would think through how to provide liquidity to employees, especially as it gets harder and harder to go public these days. I'm Diana and I break down text turbs and AI without the hype. I hope you enjoyed eating some yaki tori with me. It was absolutely delicious. See you next time.