4 ms·
Those valuations come back to haunt you when you can't get the public markets to stomach them. Those venture rounds get paid back before founders get a penny.
by godzillabrennus 10y ago
Those valuations come back to haunt you when you can't get the public markets to stomach them. Those venture rounds get paid back before founders get a penny.
- ec109685 10y agoGreat example: http://www.bloomberg.com/news/articles/2016-01-29/birchbox-cuts-15-of-staff-amid-tech-startup-belt-tightening http://www.bloomberg.com/news/articles/2016-01-29/birchbox-c... At a lower valuation, employees could have had a nice exit. Now they are stuck.