In what way is Canva a PfG company? Theyโve had 7 (depending on how you count, up to 19) funding rounds from traditional venture capital firms. Equity is entirely ownership by private individuals, not charities.
I stand corrected and I apologise for my mistake. An earlier article I wrote sounded like this was PFG (the way I read it is that they gave away 30% of the stock to a foundation), but this is basically a founders pledge. The 30% might diminish with dilution with new investor rounds.
Still great, but not exactly what we called PFG when we envisioned it, and next time I will read more carefully.
In what way is Canva a PfG company? Theyโve had 7 (depending on how you count, up to 19) funding rounds from traditional venture capital firms. Equity is entirely ownership by private individuals, not charities.
I stand corrected and I apologise for my mistake. An earlier article I wrote sounded like this was PFG (the way I read it is that they gave away 30% of the stock to a foundation), but this is basically a founders pledge. The 30% might diminish with dilution with new investor rounds.
Still great, but not exactly what we called PFG when we envisioned it, and next time I will read more carefully.
Thanks for not deleting the comment. Apology accepted, all good.