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Congrats to the Area1 crew. I've got a few friends who have been there for years. Hopefully this is a meaningful exit for most of them.
by bognition 5y ago
Congrats to the Area1 crew. I've got a few friends who have been there for years. Hopefully this is a meaningful exit for most of them.
- ganoushoreilly 5y agoHi friend, we probably run in similar circles. I know everyone seems pretty happy with it being Cloudflare as the acquirer vs some of the others ;). It'll be really great to see how they integrate.
- enigmatic02 5y agoYa although $162M is not that much, barely a mark-up from the last round
- simonsarris 5y agoWell it's a 50% stock deal and Cloudflare's stock is a tad down from their high, too.
- tick_tock_tick 5y agoThe whole SAAS sector have gotten killed lately. If Area 1 wanted an public exit via IPO they'd probably have received the same reduction in valuation. It's an odd time for an exit with how the market has been.
- lsh123 5y agoTotal funding for Area 1 according to Crunchbase is $82M. Employees probably got next to nothing except retention bonus from Cloudflare.
- weird-eye-issue 5y agoGood thing employees get paid a salary