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Well, 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
by Ecco 7y ago
Well, 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.