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As per the linked article they raised $47M
by freewilly1040 7y ago
As per the linked article they raised $47M
- omarchowdhury 7y agoThen it's likely the founders and team walked away with nothing from the sale.
- Ecco 7y agoWell, if both those numbers are right, they should be entitled to a share of the -$22M value they created. So I hope for them they walked away with nothing from the sale!
- throw03172019 7y agoWhy would you want them to walk away with nothing?
- likpok 7y agoBecause GP is suggesting that they created -$22M of value. So walking away with 0 means that they're collecting much more value than they created.
- deleted 7y ago[deleted]
- robhunter 7y agoLikely not - venture capital investments have at least 1x liquidation preferences. The founders likely got nothing.
- doctorcroc 7y ago"The real windfall was the friends and memories we made along the way"
- tyre 7y agoYes and no. They wouldn't have gotten any of the $25m but they would have negotiated a comp package from Bird well above what they'd have gotten for being hired.
- eanzenberg 7y agoSux for their employees, though.