Iconiq VCs spent two years courting Chime and the firm isn’t selling its stake

VC Tech Tech World at Neobank was Abuzz on Thursday CHIME successfully became a folk company. Cine, opening $ 43, increased $ 864 million in a $ 27 share price.

This year was not the largest iPo. For example, Coreweave raised $ 1.5 billion in MarchAnd the first-day market cover also has a value of about $ 14 billion. (Its share price and estimate has increased since then).

However, Chime’s cover table is definitely written by Silicon Valley investors, and many people are publicizing the victory for a portfolio company.

This includes Iconiq’s Yoonkee Sull. He and his entrepreneurial initiative partner, Greg Starger, before writing a check for two years, followed Chime and Chime.

Of course, of course, Mark Zuckerberg is known in the valley as a family bureau as the most popular billionaires of the most popular billions. Under the management, with a $ 80 billion asset, it invests in real estate and has an investment capital in accordance with the growth stage. Its portfolio includes skamling, canvas, parents, tailors, understanding and landing. If you heard a company, Iconiq has a share.

Sull, O and Singo’s first-time CHISE co-authors Chris Britt and Ryan King said he met Ryan King in 2017. Iconiq’s VCS tends to prefer external transactions with better noisy founders than to-do-US sessions.

Again, the modesty of Britt and the king to call a year to call a year later since 2016. Chime has run out of cash in 2016. The king was hopeless to raise and reject to more than 100 VC. Lauren Kolodny, then a joint partner in aspect institutions, today a co-founder of the ACREW capital was saved by a counterfeit of $ 9 million.

Sulle, the meeting in 2017, “At this point in time, it was the first days at this point, but what they wanted to do and crystal was clear,” he said. CHIE, tasks such as banking and credit building sources for the average and working class – iconiq’s bread and butter of butter are ironic contrary to the work of wealth.

As the next two years, those who say that they say “what they say,” says that Iconiq, iconious elbow was convinced CHIME’s $ 200 million in 2019 D. The S series was investors, payed $ 5.22, in S-1 documents.

“When investing in 2019, after a similar thesis or opinion, several opponents of several opponents were several opponents.” Iconiq sounded and participated in persecution tours because investors thought that the founders were more careful and did not ignore by “bright new objects”.

For the upbringing, series E investors about $ 41, a Series 60 dollar share, announced. So even with a solid IPO, all personal stocks are still not on the water.

The sull will not comment on how much the icon paid for its share, it is not as large as it will be explicit. But the icon said he did not want to cancel.

“We have shares and we are selling in IPO,” he said. Employees, including existing shareholders, are now Subject to the 180-day lockout period.

Iconiq is one of the many Chime’s supporters who took the lap of a victory to become a folk company in Chime’s leave. Investor Shawn Carolan, one of the Menlo Enterprises, wrote in congratulations macal Writing: “As most consumer technological winners, those who look like a successful successful success in one night were in fact many difficult years.”

Then there are CATHAY updates from the CHIME in 2017, and the share of 15.3 million stakes sold 3.75 million shares in IPO. B Shares B 47 kopecks were announced.