I'm really curious how MSFT/Inflection made the math work with taxes. If they raised $1.5M and msft pays 650M for a *license*... that 650M is revenue. So call it $500M after taxes. If the investors are keeping their equity in inflection, wouldn't that also be taxable if this is a dividend??

Building. Prior: VP at Adobe, GM of Behance, co-founder of the Content Authenticity Initiative, early days at TED. https://williamallen.com

Are investors not effectively getting bought out?

this implies they are keeping their stock https://twitter.com/reidhoffman/status/1770190654301433940. So I'm not sure how you get licensing revenue to a stockholder outside of a stock buyback or dividend. If they investors aren't double taxed (corp & dividend) I'd be incredibly impressed

Be specific.     

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