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What's the exit? I'm always interested to see how other people in tech get rich.
by senatorobama 8y ago
What's the exit? I'm always interested to see how other people in tech get rich.
- dna_polymerase 8y ago> Multiple sources say Facebook is paying between $23 million and $30 million to acquire Bloomsbury AI, in a deal that will see a mixture of cash and stock change hands. In one scenario, the startup’s investors will receive around $5.5 million, with Bloomsbury’s founding team in line for the remaining $17.5 million, paid in restricted Facebook stock. Either way, this represents a modest return for the bulk of investors, although EF — given that it invests pre-seed — is likely to have had a larger multiple.