3 ms·

sequoia made them.

• sama 15y ago
  not true at all.
  • suking 15y ago
    * ready to sell business because it wasn't going anywhere, sequoia knew greendot well and got them to get a return on the $ put in so it wasn't a total buss. Hence the huge (relative to the sale) incentive for founders to stick around since they got nothing from the sale. is my guess.
    • apu 15y ago
      Not sure if you figured this out, but sama = Sam Altman = ceo of Loopt. I think sama's words on this situation carry a little more weight than your guess.
      • suking 15y ago
        Oh - so he's going to tell the truth then? I guarantee he has confidentiality agreements about all of that - so I don't believe anything he says for a second. Loopt was a total bust for VC returns.
        • deleted 15y ago
          [deleted]
  • anon808 15y ago
    if it was true, would you admit to it?