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>I have to imagine that a chunk of that money is to provide liquidity to the founders

That helps explain why the founders sold the equity, but not why the VCs bought it.

Really ?

Company with a proven modal, proven team, proven management and a massive growth opportunity (company hosted Github).

I did not consider the growth opportunity represented by the enterprise market. Sorry for being dense!

(I considered deleting my comment, but my hand was stayed by its having gotten an upvote.)

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