NGL this seems like a pretty solid move by 49er ownership. The evaluation of $8.5 bil is great and all the families are local Bay Area families so you don’t have to be worried about them doing some crazy crap like trying to force a move somewhere else. It’s wild that even for just 1% that’s just a nice calm $85 mil
The Khosla, Deeter and Griffith families are the prospective buyers, with the Khoslas purchasing 3.1%, the Deeters obtaining 2.1% and the Griffiths acquiring 1%
All three of the reported buyers have venture capital backgrounds. Vinod Khosla is co-founder of Sun Microsystems and the founder of Khosla Ventures in Menlo Park, California. Byron Deeter is a partner at Bessemer Venture Partners in Redwood City and San Francisco, and William Griffith is a partner at Iconiq Capital in San Francisco.