3 ms·
In our case, Simple was at the end of its runway and desperately needed a buyer after our primary angel backed out. BBVA was there at literally the last second
by tadfisher 6y ago
In our case, Simple was at the end of its runway and desperately needed a buyer after our primary angel backed out. BBVA was there at literally the last second (as in, we may not have been able to make the next payroll). So yeah, it wasn't really about the founders wanting to cash out; they desperately wanted to keep the idea going.
- Karunamon 6y agoBacked out.. as in, Bancorp dumped you? I had the completely wrong idea about that, then.
- tadfisher 6y agoNot Bancorp, a Silicon Valley VC.
- heliodor 6y agoHave the founders tried to find a buyer for Simple to pull it out of BBVA and save it from being shut down?
- tadfisher 6y agoThat was floated as an option, but it would complicate/delay BBVA's merger with PNC. Their entire whitelabel tech stack (Open Platform) is being shut down.