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>Then a year after I got fired the series A investor led the next round of funding and decided to value the company at $0, so I got diluted by 99.99% Was it ma
by adtac 5y ago
>Then a year after I got fired the series A investor led the next round of funding and decided to value the company at $0, so I got diluted by 99.99%
Was it made impossible for you to be an investor in that round? Could you have prevented 99.99% dilution that way?
- hn_throwaway_99 5y agoSo the existing stock the CEO had, made through his blood sweat and tears, was worth nothing, but you'd expect him to want to pay for the ability to buy more stock in the company he was just kicked out of?
- adtac 5y agoNo, I'm just curious if it was possible technically. Obviously it's super unethical to do this to your CEO.
- hobbyjogger 5y agoAt a $0 valuation (assuming that's accurate) you'd be paying almost nothing to participate in the round (assuming you had a contractual right or were given the opportunity to participate).
- kelnos 5y agoIt's hard to participate in a funding round when you don't have much money, as the parent says.