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wow 60 at 146 is awful. This company must be almost entirely owned by VC at this point.
by tyre 6y ago
wow 60 at 146 is awful. This company must be almost entirely owned by VC at this point.
- asaddhamani 6y agoAnd by the way it's worded, I assume 146 is post-money.
- echelon 6y agoI'm still learning all of these investment terms. If the 146M is post-money, then they own (60/146M)%? If it's pre-money, (60/(60+146M))%?
- mikepurvis 6y agoYes, that is correct.
- TuringNYC 6y agoThey are not VCs, they are a Private Equity firm: https://www.franciscopartners.com/about https://www.franciscopartners.com/about PE investments are very different. They are probably going to either slim/trim or focus on some core money-making part of the business and then sell/breakup/flip the business in a couple of years. The portfolio stats are totally different from VC.