3 ms·
video summary Scout * preyed on by predatory vcs (sued by first vc to improve terms even after LOI expired; vc leaked lawsuit to WSJ to scare off o
by x0x0 9y ago
video summary
Scout
* preyed on by predatory vcs (sued by first vc to improve terms even after LOI expired;
vc leaked lawsuit to WSJ to scare off other investors)
Red Swoosh
* cofounder tried to sell team behind his back;
* team went without pay for multiple months
* cofounder fucked up and didn't pay witholding taxes to IRS (NB: IRS can and will
personally pursue officers of the company)
* nearly went out of business multiple times
* last eng quit via twitter / AOL saw this and spiked a deal
* got a 4-way deal (worth watching at about 25:00 or so)
* acquired by akamai for $23m
It's worth watching