4 ms·
Pretty hard to know without knowing the landscape. Scenario #1: FiltrBox was almost out of money and wasn't doing well enough to justify additional investment.
by webwright 17y ago
Pretty hard to know without knowing the landscape.
Scenario #1: FiltrBox was almost out of money and wasn't doing well enough to justify additional investment. They had no compelling IP/patents. Investors make a few phone calls and get a CEO to "buy" the company, which really means $50k signing bonuses for the founders and a nice options package.
Scenario #2: FiltrBox was killing it, growing like wildfire. They had a great IP attorney and some really impressive tech. Jive wanted the team and the IP bad and put together a $5m offer (stock heavy, likely).
Or anything in between....
(or anything in between).
- wensing 17y agoI do wonder how they were doing. I tried out FiltrBox and after the trial they wanted $1k/yr for the service. Suffice to say we weren't their target market.