3 ms·
>an option to make a lot of money in case of a big future success. That's why they gave Baremetrics $800k 5 years ago. Why they are giving the founder $800k t
by treis 6y ago
>an option to make a lot of money in case of a big future success.
That's why they gave Baremetrics $800k 5 years ago. Why they are giving the founder $800k today is far less clear.
- bigiain 6y agoThere was only ever one $800k "given". You're making it sound like "today" they went all in on $1.6mil in total. That isn't what happened.
- nl 6y agoThey invested $800K in Baremetrics. > Why they are giving the founder $800k today is far less clear. They aren't. They are just writing off their initial investment. They lose $800K (which is less than that because it can be offset for tax purposes), not $1.6M.