Microsoft took funding before their IPO. I've never understood why; it has the s... | Hacker News

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		pg on April 5, 2007 \| parent \| context \| favorite \| on: Why Y Combinator is a waste of time Microsoft took funding before their IPO. I've never understood why; it has the smell of a bribe; but they did. Apple took a lot of funding.

nostrademons on April 6, 2007 [–]

From what I read, Microsoft took a mezzanine round before IPO because VCs have connections to investment bankers, and Microsoft needed investment bankers to make the IPO process run smoothly. So yeah, it basically was a bribe.

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