Controversial Tanium CEO explains why he and his dad have total control of their $4 billion startup
Summary
Dont ask Tanium CEO Orion Hindawi to apologize for the hard-edged internal company culture or his familys iron grip on the business, all of which have generated a slew of negative headlines recently. While the deal is good for employees, investors are buying existing common stock, not preferred, so it does not change the founders ironclad grip on the company, Hindawi tells us. "We want to let employees buy the houses, cars or whatever theyve been dreaming about and not feel quite as much pressure on the IPO as we otherwise might," he said, adding that he still fully intends to take the company public at some point. Andreessen Horowitzs big stake was done at the urging of one of its advisers, former Microsoft executive Steven Sinofsky, who called Taniums technology "magic." Hindawi just faced a slew of bad press when he was accused of firing people immediately before their options vested, according to that story by Bloomberg.
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