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Without taking sides, the answer seems pretty obvious: why spend the time and money fighting for a percentage of nothing.
by boucher 11y ago
Without taking sides, the answer seems pretty obvious: why spend the time and money fighting for a percentage of nothing.
- calbear81 11y agoYup, and the whole point of doing it right now is that it gives him the most leverage. No one wants to stop the merger and the longer you wait, the more risky it gets (buyer's remorse, another startup comes up with a competing product, etc.) so you might be willing to pay a small but substantial sum to make the problem go away.
- corin_ 11y agoGiven he didn't take the offer of a sum to make it go away and instead let it drag longer in a way which affects the merger, either that wasn't his logic, or he executed it poorly.
- dontblink 11y agoOr they lowballed him. Its hard to make assumptions here without the full story.
- corin_ 11y agoFair point, but from the way Sam wrote it up it sounds like he ignored them and let it get far enough that they filed a suit against him, whereas if his plan was to be something they can get rid of quickly before the merger he surely would have come to the negotiating table before it became too late.