4 ms·
I never used Hunch much, and I'm not sure if an 80 million exit with 20 million in VC funding is so great for the founders, but I suppose it gives eBay a footin
by dr_ 15y ago
I never used Hunch much, and I'm not sure if an 80 million exit with 20 million in VC funding is so great for the founders, but I suppose it gives eBay a footing in NYC - that's the part of the article I found most interesting.
- danssig 15y ago15 million a piece. I don't know how long they were working on it but the very top billed actors tend to make, what, 20 million for movies that take ~3 years to make.
- ebaysucks 15y agoSo you assume the VC's only scored a 1x on this deal and had no special treatment for their preferred shares such as accrued dividends, liquidity preference, participating preferred, etc?
- danssig 15y agoI went by what the GP said.
- onemoreact 15y agoMost top actors spend 3-4 months on average per film. It's a scheduling things where you need a lot of people to film a movie some of which have offers for 3-4 movies that year. So people are working 12 hour days in one short burst and a lot of time in editing / post production but there is a ticking clock because investors want their money back ASAP. Reproduction can be slow simply because there is not a lot of money involved in the project yet.
- blacksmythe 15y agoTop billed actors have an excellent chance of making their full rate on an average movie. Founders have an excellent chance of making nothing on an average startup.
- danssig 15y agoSo what do they need to make exactly? For me, anything beyond FU money is pretty much irrelevant.