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The fund has not been active very long, so there's not been much opportunity to fail yet. Still, the two rightmost companies are valued well below 1x - they see
by JoachimSchipper 16y ago
The fund has not been active very long, so there's not been much opportunity to fail yet. Still, the two rightmost companies are valued well below 1x - they seem to be bankrupt or nearly so.
- fredwilson 16y agoone was sold in a fire sale the other was shut down neither did a bankuptcy
- JoachimSchipper 16y agoSorry! I didn't know a better word for "stopped operating as an independent entity with some haste", and used "bankruptcy" without considering the possible implications for your business. (I see http://zachaysan.tumblr.com/post/1431828646/paul-graham-is-right-using-avcs-data http://zachaysan.tumblr.com/post/1431828646/paul-graham-is-r... uses the same word, I don't hope I inspired him.) I'll try to choose my words more carefuly next time.
- fredwilson 16y agono worries i just wanted to add to the discussion you can call them bankrupt if you'd like