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.
One reason Canva staff are prioritising housing over more speculative investments, which has gone unreported but was confirmed by the company, is that they were only allowed to sell up to 20 per cent of their holdings. “Over 100 people have expressed interest in the program as they consider what they may do with their newfound wealth,” an AirTree spokeswoman said. “Similar to the flywheel you see in ecosystems like Silicon Valley, there are many employees who want to now back and support the next generation of tech start-ups.
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