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![Restructuring__ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1519523016119619585.png) Restructuring__ [@Restructuring__](/creator/twitter/Restructuring__) on x 38.6K followers
Created: 2025-07-10 01:37:34 UTC

7) Capital Table, Liquidity Options, and the Long‑Term View

Thrive Capital and Greenoaks lead the cap table. Both firms are long-horizon investors, holding positions for five to ten years and scaling follow-on capital behind the winners, a discipline that pairs naturally with Skims’ front-loaded spend on R&D and store build-outs. 

Private markets still offer semi‑liquid tender programmes; early employees have already taken chips off the table without forcing an immediate IPO.

Yet Grede views public listing as inevitable discipline. 

Transparent quarters pressure management to keep transforming “on the way up,” a principle he borrowed from LVMH veterans who refresh brands before sales plateau. 

When Skims does file, expect a dual‑class structure preserving founder control yet free float sufficient for index inclusion, critical for recruiting and cheap secondary capital. Until then, every Series D dollar funds store rollout, fabric tooling, and app engineering, not celebrity headcount.


XXXXX engagements

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**Related Topics**
[pairs](/topic/pairs)
[positions](/topic/positions)
[longterm](/topic/longterm)
[thrive capital](/topic/thrive-capital)
[chapter 11](/topic/chapter-11)

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