Rimer says he and Baszucki stayed in touch and he followed the company from its early days. His interests collided with Apple's introduction of the Macintosh and the first graphical user interface available to consumers. Rimer said Baszucki was obsessed with physics and finding a way to run experiments faster than the physical world would allow.
But he was kicking around the idea long before that, while studying electrical engineering at Stanford. It's possible that some did, as there's no lock-up period tied to the direct listing.īaszucki started Roblox in 2004. The CEO's brother, Gregory, is on the board and owns a stake worth $1.1 billion.Īll of the figures above assume that none of the investors sold shares on Wednesday. Tiger Global controls a $2.8 billion stake, and First Round Capital's shares are worth $2.3 billion. Roblox's biggest outside stakeholder is Altos Ventures, which owns shares worth $8.1 billion, followed by Meritech Capital at $3.8 billion and then Index. Snowflake, Palantir, Airbnb and DoorDash all went public from September to December and are now worth between $44 billion and $110 billion. Personal Loans for 670 Credit Score or Lowerīaszucki and Rimer are two of the biggest winners in Roblox's direct listing, the latest tech company to go public at a massive valuation and generate hefty paper returns for its founders and venture backers.
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