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Probably forced by VCs. No point is liquidating at that price range, doesn't make an impact on their fund.
by charlesju 16y ago
Probably forced by VCs. No point is liquidating at that price range, doesn't make an impact on their fund.
- qeorge 16y agoThat seems too simple. Why did they get so close to an acquisition if the VCs were steadfast against the sale? The TC article implies the Xobni team pulled out, over concerns about the product & team's future within Microsoft. If that's true, I'm confused as to why they built an Outlook plugin to begin with.
- deleted 16y ago[deleted]
- BRadmin 16y agoThen what was the VCs plan after turning down Microsoft's offer? Making > $20MM selling $40 software seems pretty unlikely.
- sliverstorm 16y agoDepending on who you are, wanting more money may not imply you have a plan.