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Weird and classless that they refused to pay a break-up fee.
by geofflewis 16y ago
Weird and classless that they refused to pay a break-up fee.
- greattypo 16y agoOne that wasn't contractually obligated? I'd be shocked if they got it.
- earl 16y agoI'd imagine they won't be getting any deals with those angels though. Part of the point of the fee, maybe.
- avichal 16y agoThe VC and angel world are tiny and it all revolves around reputation and trust. The negative perception is going to cost Spark a lot more than the breakup fee. I'm shocked that they DIDN'T get it.
- geofflewis 16y agoexactly.
- boucher 16y agoThough, $200,000 on a $2 million raise is a bit high for break up fee I think.
- davidu 16y agoWe don't know if they ever agreed to a break-up fee. Shit happens. Move on. And it looks like Bnter did, with this post which will likely resolve their financing problem. Nothing weird or classless about business as recommended.