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Skype was sold to Ebay in 2005 for 2.6 billion US$, so one would think that the founders have plenty of money. Why did they just raise what seems to be a petty
by mixmax 17y ago
Skype was sold to Ebay in 2005 for 2.6 billion US$, so one would think that the founders have plenty of money. Why did they just raise what seems to be a petty amount instead of just ponying up themselves? Is it risk management, to work with other smart people, broaden the base of potential deals or what?
Or was Joost an expensive venture that left them with less funds than desireable?
- wheels 17y agoAtomico's first fund was internal; this is Atomico II and they went out and raised a fund for this one. They've already done a handful of investments in the past: http://www.crunchbase.com/financial-organization/atomico-investments http://www.crunchbase.com/financial-organization/atomico-inv...
- blasdel 17y agoThe founders got back 385m worth of Skype in the JoltID settlement by giving back the p2p IP and cash: http://about.skype.com/2009/11/joltid_settlement.html http://about.skype.com/2009/11/joltid_settlement.html
- aditya 17y agoThere are plenty of large funds out there, the more capital you raise the more money you have to deploy and the larger your portfolio exits need to be. Not sure why you think 165MM is a "petty" amount, especially these days! And more than risk management it's "smart" money vs. "dumb" money
- c3o 17y ago"Atomico itself is the largest single investor in its new fund"