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What would you agree means that they don't have faith in their business?
Selling everything = I have no faith
Keeping everything when these shares represent almost your entire net worth = I know with 100% certainty that this business will grow
Selling off 25% = I believe in the company, but I also acknowledge that there are many variables outside of my control that can affect the success of this company and I don't want those to have huge negative repercussions on my life.