6 ms·

> The company also raised another round of funding, this time $60 million > in 2021, the brand was acquired for $45 million I wonder what the founders' payout

> The company also raised another round of funding, this time $60 million > in 2021, the brand was acquired for $45 million I wonder what the founders' payout was.

henriquez 4y ago
[flagged]
- phendrenad2 4y ago
  [citation needed dude]
yawnr 4y ago
Regardless, she’s the CEO of Victoria Beckham Beauty now. Failing upwards is basically what HBS is for.
- swyx 4y ago
  and sam altman sold loopt for ~funding and change. people have successful second acts after failed first ones. you get valuable experience running a startup even if it doesnt have a good outcome. encourage you to not have such a cynical view of things.
  - echelon 4y ago
    Plus we wouldn't have really known a priori that subscription box business models suck. Solving for the economic fitness functions of the world requires compute, capital, and labor investment. Mental models alone are shallow.
    - lotsofpulp 4y ago
      Near 0% interest rates might be requisite too, or at least whatever you “solve” for at 0% will not necessarily be a solution at 5%.
      - echelon 4y ago
        Absolutely. It's probably the case with many businesses.
  - swyx 4y ago
    i should also add that something like (i cant be bothered to research exact number but its there) 4 out of 5 MANGA CEOs are now MBAs lol and arguably they're all pretty good at their jobs. techies randomly shitting on business school is so last decade
    - Nullabillity 4y ago
      "Business people tend to like giving business school people jobs" isn't exactly a new insight, and doesn't say anything about whether they're actually qualified for them.
    - yawnr 4y ago
      Nah. People who go to b school are just out of ideas in their mid 20s and have already run a marathon. (Joking, mostly)
  - Nullabillity 4y ago
    And how he's gone from selling blockchain bullshit to selling AI bullshit? Yeah, not exactly someone to emulate either.
dehrmann 4y ago
I doubt they had liquidation preferences. Factoring in par value, maybe they got between $50 and $5000?
eldritch_4ier 4y ago
Most likely $0. Money raised is almost always preferred when it comes to an exit, so it gets paid back first

> The company also raised another round of funding, this time $60 million > in 2021, the brand was acquired for $45 million I wonder what the founders' payout was.

henriquez 4y ago

[flagged]

phendrenad2 4y ago
[citation needed dude]

yawnr 4y ago

Regardless, she’s the CEO of Victoria Beckham Beauty now. Failing upwards is basically what HBS is for.

swyx 4y ago
and sam altman sold loopt for ~funding and change. people have successful second acts after failed first ones. you get valuable experience running a startup even if it doesnt have a good outcome. encourage you to not have such a cynical view of things.
- echelon 4y ago
  Plus we wouldn't have really known a priori that subscription box business models suck. Solving for the economic fitness functions of the world requires compute, capital, and labor investment. Mental models alone are shallow.
  - lotsofpulp 4y ago
    Near 0% interest rates might be requisite too, or at least whatever you “solve” for at 0% will not necessarily be a solution at 5%.
    - echelon 4y ago
      Absolutely. It's probably the case with many businesses.
- swyx 4y ago
  i should also add that something like (i cant be bothered to research exact number but its there) 4 out of 5 MANGA CEOs are now MBAs lol and arguably they're all pretty good at their jobs. techies randomly shitting on business school is so last decade
  - Nullabillity 4y ago
    "Business people tend to like giving business school people jobs" isn't exactly a new insight, and doesn't say anything about whether they're actually qualified for them.
  - yawnr 4y ago
    Nah. People who go to b school are just out of ideas in their mid 20s and have already run a marathon. (Joking, mostly)
- Nullabillity 4y ago
  And how he's gone from selling blockchain bullshit to selling AI bullshit? Yeah, not exactly someone to emulate either.

dehrmann 4y ago

I doubt they had liquidation preferences. Factoring in par value, maybe they got between $50 and $5000?

eldritch_4ier 4y ago

Most likely $0. Money raised is almost always preferred when it comes to an exit, so it gets paid back first