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rooting4redpillers ago

Here’s some stuff - scuttlebutt - about his Twitter investments, from November 9, 2013:

Suhail Rizvi, the newly-minted Twitter billionaire from India | Gadgets Now website

Excerpt:

The scuttlebutt is that Rizvi began acquiring Twitter shares from early investors and vested employees such as co-founder Evan Williams through his friend, former Google executive and Silicon Valley angel investor Chris Sacca. They succeeded in getting around traditional Silicon Valley VCs, who typically have first dibs on tech companies, by cleverly camouflaging their buying, outmaneuvering such storied firms such as Kleiner Perkins to become the largest outside shareholder of Twitter.

Beneficiaries besides his company Rizvi Traverse included wealthy clients such as Saudi Prince Alwaleed bin Talal and JP Morgan Chase, all of whom raked in hundreds of millions on Thursday.

But from all accounts, no one made out better than Rizvi Traverse and its principal, who pulled in more than what even the founders and CEOs (Evan Williams and Jack Dorsey) and initial investors (Spark Capital, Benchmark Capital etc.,) made.

TimeOutofJoint ago

This is actually a pretty normal way to acquire stock in a private company. When a company is private, it's inevitable that some employees will want or need to sell and investors can take the opportunity to buy. Not illegal or unusual.

rooting4redpillers ago

I mostly just found this interesting. Not suggesting it was illegal, I wouldn’t know. It did seem - if not unusual - at least striking in $$$scope. This story would make a good movie.

bopper ago

They succeeded in getting around traditional Silicon Valley VCs, who typically have first dibs on tech companies, by cleverly camouflaging their buying, outmaneuvering such storied firms such as ...

Just shrewd biz maneuvers nothing to see here.

rooting4redpillers ago

I’ve never heard of him until now. Since he’s so intensly low-profile, that’s probably ditto for most ordinary people. Maybe he’s just a smart in doing this kind of business, maybe he’s more than that. I’m all for having a look, if relevance to pizzagate can be shown in good time. Also - since I read Q’s Saudi Arabia/LV incident scenario the other day - I thought the prominent mention of the Saudi prince in this article might be of interest.