4 ms·
Is this a good outcome for those involved? or was it a mercy deal a la modcloth? I know long haul for everybody, esp Andy. Looks like money raised is less than
by jpeg_hero 9y ago
Is this a good outcome for those involved? or was it a mercy deal a la modcloth?
I know long haul for everybody, esp Andy. Looks like money raised is less than purchase price, so is there some meat on the bone in this acquisition?
- opportune 9y agoLooks like an acquihire. Andy seems to be getting a pretty decent position within the upper management of the ecommerce division at Walmart. This is all speculation: Perhaps it's part of some sort of internal coup within Bonobos, where Andy wasn't happy with some internal board/finance shenanigans. By taking a lesser valuation but moving into a big position within Walmart (likely with huge bonuses), he could end up getting reimbursed at a level disproportionate to his equity at Bonobos.