Richard left all transfer matters regarding Solskjær to Marina Granovskaia, as he had other business to attend to. He was flying to the United States—for the Netscape IPO!
Well, to be honest, it wasn't an IPO — it was a pre-IPO sale or secondary transaction, where he could sell some of his shares privately to another company.
A week ago, he had received a call from Jim Clark, the founder of Netscape. It wasn't just a casual check-in—Clark had something important to ask, so he got straight to the point.
"Richard, I need your approval on something big," Jim said. "We're planning to issue new shares in response to AOL's inquiries about investing in Netscape's development."
In short, Clark wanted to dilute the existing shareholders (including Richard) so that Netscape could issue new shares and sell them to AOL.
