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In a linked article, it was reported that one of the founders got 650k, which is still nothing compared to the 375M. It really makes you look at the reputations
by henryw 19y ago
In a linked article, it was reported that one of the founders got 650k, which is still nothing compared to the 375M. It really makes you look at the reputations of the VCs.
"The reportedly terminally ill founder, William Bankert, will end up with only $650,000 or so from the sale."
http://venturebeat.com/2007/07/06/zantazs-375m-payday-and-the-unfortunate-back-story/ http://venturebeat.com/2007/07/06/zantazs-375m-payday-and-th...
- pg 19y agoI checked who their VCs were, made quite a discovery. http://www.generalatlantic.com/usa/news/newsarticle.asp?id=1435 http://www.generalatlantic.com/usa/news/newsarticle.asp?id=1... Name familiar to anyone? General Atlantic were Ars Digita's VCs: http://www.waxy.org/random/arsdigita/ http://www.waxy.org/random/arsdigita/
- exAD 19y agogeneral atlantic are a bunch of buffoons, for sure. of course what philip never mentions is that he personally did the deal with GA because they were offering the most money.