Photo: Angie’s List Blog
Dilution sucks. Just ask Angie.When Angie’s List IPOs today at a valuation near $667 million, Angie Hicks will literally see her name in lights.
She will not, however, walk away with much of that $667 million staked to her name.
Angie’s List’s cofounder and current CMO owns just 1.8% of the company.
(Her stake will still be worth $12 million, so don’t weep for her too much.)