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The article states: >"It will return some of its $75.5 million in funding to investors, including Series B lead Andreessen Horowitz." Does this simply mean it
by bogomipz 7y ago
The article states:
>"It will return some of its $75.5 million in funding to investors, including Series B lead Andreessen Horowitz."
Does this simply mean it will return all funding after paying out remaining invoices and salary obligations? Or is there some significance to the phrase "some of" here?
- Digory 7y agoThe $75m was a 2018 series B. Atrium has been spending that money for 18 months, and probably quickly. So A16Z isn’t getting back anything close to $75m. Just “some.” Part of this seems like courtesy among the big boys who want to play again. I doubt Atrium wants to tick off A16z by making dubious claims to the remaining cash.