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> It turns out that Eggers actually persuaded his partners to cough up only $485,000 of the $500,000 investment. This almost certainly means convincing his par
by frisco 10y ago
> It turns out that Eggers actually persuaded his partners to cough up only $485,000 of the $500,000 investment.
This almost certainly means convincing his partners to let someone else come in instead if LVP taking the whole $500k. Lightspeed has over $3B in assets under management and $500k is already at the low end of check sizes they'd generally write. On the other hand, squeezing a friend into an interesting deal is a big favor.
- exclusiv 10y agoOh yeah that's my mistake. That makes perfect sense now given your comment and re-reading that line.