"If we were to lose the equity at this point, given the value, who cares?" he said.
You know, it seems to me that — that much of the potential attractiveness of coming and selling equity at this point stems from probably the fact that a few months ago the equity was at 40 pence, and now it's at a £1.60 or something like this.
"What's happening in private equity at this stage has never been like this; it's unprecedented," said Mohammad Mustafa, chairman and chief executive of the Palestine Investment Fund, which has provided $10 million in seed capital to Abraaj Capital's fund and $15 million to Rasmala Investment's fund.
The reality of having to sit through three weekly meetings and spend hours reviewing videos and writing comments for the site also seemed daunting to them, not to mention a distraction from their more lucrative movie and television careers (the time they are devoting to FunnyOrDie.com is all sweat equity at this point, since they are not being paid).
But I think, if you just looked in a slightly different world and thought "Jeez", if the stock had come from where it was and it had never gone to 40 pence but instead was sitting at 1.60, then 1.60 represented a new low, down from whatever previous higher price it had used to have been at, I don't even think you would be considering selling equity at this point.
Let's start with our seed investors whose investments will convert to equity at this stage.
Participating start-ups also receive a financial grant (£5,000) provided by Wayra, which is also not taking equity at this point, and access to work space and IT equipment.
I personally do not know anyone who has equity at this time.
Traditionally, those have been invested heavily in equities and remained in equities at the agency.
