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VCG invested $15mil in 2015 and acquired it in 2018 for $17mil. That's an accounting that I don't understand.
by myth_drannon 9y ago
VCG invested $15mil in 2015 and acquired it in 2018 for $17mil.
That's an accounting that I don't understand.
- e40 9y agoI guess it depends on how much they acquired for their $15M in 2015. Let's say it was 49%, then that would say the company grew a little.
- greglindahl 9y agoCompanies like to tout the largest possible acquisition price, so usually $17mm would be the total acquisition cost. Which is a down round severe enough that the last round's investor liquidation preference would mop up all of the money. Just a guess, I don't know the details of this deal.