Rafer sez:
Given the IPO drought and the lesser need for dotcom capital, a majority of the deals with more than a $25M post-money give the founders liquidity options, over $50M add VPs, and over $100M add just about everyone. It’s not a rule of thumb yet, but it’s getting darn close. Not everyone takes the option, but it’s almost always on the table. You don’t think it available or acted on for the latest rounds at Twitter, WordPress, Yelp, …. ? It’s most often during the deal, but afterwards when there are enough sellers to make the mechanics of simultaneity difficult.

betaworks:

In response to the quote listed below, Rafer writes:
“What the h—- are you talking about? For a deal this size, it’s completely normal.”
beta sez: do you have any examples and what exactly is a “deal this size”?

“ Is Facebook going to go private before it ever goes public? Insiders selling stock at this stage of a company’s evolution openly is unexpected, irregular, and almost irrational —

Umair Haque (via betaworks)