4 ms·

I imagine the investors are after 10x the valuation, not the amount raised.

• minimaxir 8y ago
  ...and apparently it was raised at a $455M valuation. Hmm. https://techcrunch.com/2014/04/22/weebly-series-c/ https://techcrunch.com/2014/04/22/weebly-series-c/
  • dhruvarora013 8y ago
    Yeah I can't tell if the employees would be disappointed or thrilled? But I guess an exit is an exit.
    • tejasmanohar 8y ago
      Likely depends on when you joined. The Series C investors had to get ~10% of the company for $35MM to get their money back so I doubt they did so well, but I bet it's a win for early investors, employees, and of course, the founders.
      • avree 8y ago
        I mean, any exit could be spun as a 'win' for the founders. Still surprising that a company that was by all reports highly profitable decided to sell for what is basically a down round.