> "a DPO is attractive to small companies and companies with an established and loyal client base. A DPO is also known as direct placement."
GitHub has the "established and loyal client base" with many millions in recurring revenue.
GitHub's principal VCs, Sequoia and A16z can both afford to wait for a return. everyone could sell in the "DPO" so VCs could liquidate if they needed cash ...
https://www.crunchbase.com/organization/github
> "a DPO is attractive to small companies and companies with an established and loyal client base. A DPO is also known as direct placement."
GitHub has the "established and loyal client base" with many millions in recurring revenue.
GitHub's principal VCs, Sequoia and A16z can both afford to wait for a return. everyone could sell in the "DPO" so VCs could liquidate if they needed cash ... https://www.crunchbase.com/organization/github