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> "After it failed to pull together an emergency funding deal ... One of the AR startup’s main investors, Candy Ventures, has acquired the company’s assets and
by warent 8y ago
> "After it failed to pull together an emergency funding deal ... One of the AR startup’s main investors, Candy Ventures, has acquired the company’s assets and will be keeping the brand alive underneath the leadership of [the] founder"
I'm no investing expert, but this indicates to me that Candy Ventures intentionally allowed the Blippar to fall into this state of shambles so that Candy Ventures could somehow get a better deal. Seems like an absolutely brutal business strategy.
- cma 8y ago> intentionally allowed the Blippar to fall into this state of shambles so To take this as a strategy you'd have to assume none of the other investors nor anyone else would out bid you. It wouldn't make a lot of sense. Throw away an X% stake in something in order to bid on a 100% stake in it in bankrupcy court? If you had some kind of secret knowledge that none of the other original investors had and that you knew wouldn't be disclosed in the auction I guess it could work.