Their Series A was 8.14M, which is a HUGE, series A. If they are getting acquired for $3.5M, assuming they have a little in the bank, this is not a good exit.

Their Series A was 8.14M, which is a HUGE, series A. If they are getting acquired for $3.5M, assuming they have a little in the bank, this is not a good exit. I am sure the founders are seeing very little of this money. The liquidation preferences "prefer" the investors.