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I'm thinking that's going down as a 'returned 2x capital' sort of purchase on the VC score sheets, unless they took most of the company in the Series A. It's im
by vessenes 16y ago
I'm thinking that's going down as a 'returned 2x capital' sort of purchase on the VC score sheets, unless they took most of the company in the Series A. It's impressive that they ran for nearly 5 years on a Series A, if they did.
I also think the value for Google here isn't revenues so much as controlling another piece of the internet transactional infrastructure.
- jey 16y agoThey have substantial revenue, so not taking much investment isn't surprising. I just wonder what the thought process was in deciding to sell to Google at this price. This must still be a huge win for the founders. They probably still had most of the equity since they only took one round of financing, and at a point when the company was already mature.
- deleted 16y ago[deleted]
- amirmc 16y agoReturning 2x might also be a good thing for the VCs too. I assume, getting some liquidity back is probably important to them in the current climate.
- hga 16y agoThe most recent investors, who probably invested at least in part based on the promise of RES are no doubt happy to get out with something like this.