NewsBite

Exclusive

VCs are banking on Canva staff cash, but they’re buying houses instead

Nick Bonyhady
Nick BonyhadyTechnology writer

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Most Canva staff plan to use the cash they make from selling their shares in the design software company to buy property, denting start-up industry hopes they will plough it back into the money-hungry sector.

A poll of 119 current and former Canva staff on Blind, an anonymous discussion site that requires a corporate email address for access, shows just 3 per cent of those who sold shares this year plan to start a company.

Loading...
Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Technology

Fetching latest articles

Most Viewed In Technology

    Original URL: https://www.afr.com/technology/vcs-are-banking-on-canva-staff-cash-but-they-re-buying-houses-instead-20240424-p5fm7k