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They literally sold 186m worth. As in, Filecoin literally has 186 million in the bank. Its insanity
by DanBlake 9y ago
They literally sold 186m worth. As in, Filecoin literally has 186 million in the bank. Its insanity
- Taek 9y agoThey also have no obligation to deliver a product. If they fail to deliver a product after 5 years, they must return all of the money to the original investors. They could theoretically just earn interest on $186 million for 5 years and then return the money and say "oops, we missed our target". The terms of the SAFT allow it.
- runeks 9y agoWow... I just had to get it confirmed, and I still can’t believe it. Did they raise this without giving up any equity?
- uncoder0 9y agoYes
- QML 9y agoIs that 186 million in ETH or fiat?
- tylersmith 9y agoA combination of Bitcoin, Ether, and fiat. But they could easily liquidate tokens or buy more to change their holdings structure.