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Then it's likely the founders and team walked away with nothing from the sale.
by omarchowdhury 7y ago
Then 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.