sorry andy i do disagree there is nothing wrong with founders...

sorry andy i do disagree

there is nothing wrong with founders having a "pay" day when listing, people sometimes forget that owners have spent a massive part of their lives getting a business to the point where they can IPO. taking some money off the table as reward in my view is ok, as i said a combination of dividend and share sale on exit was their preference in this instance

not sure if you have had any experience with the product itself, if you have or spoken to users i think you may have a diff view. personally i invested in 3pl because i think it is highly scalable, cash generative, subscription based and has a real global opportunity with massive run rate here in aust. to me that is a recipe i like. the product is embeded in school curriculum with 1 in 2 kids in aust using mathletics, the company in my view is having good early success in overseas markets.

best of luck andy