It'd be the first time founders were wrong, right? Obviously once Posterous took the A & B $10 million in venture funding, their clock was seriously ticking. T

It'd be the first time founders were wrong, right? Obviously once Posterous took the A & B $10 million in venture funding, their clock was seriously ticking. The founders no longer had real control over the company or its future. It wouldn't surprise me if they were diluted down to 10% or less ownership each, which wipes out the incentive to continue with a situation where you're going to see nearly zero payout due to VC terms unless you build an absolute monster company. No matter what they did, due to the VC they took on, they were unlikely to have a long term time horizon unless they were 'beating' Tumblr. It was get extraordinarily big or go home, because apparently #500 wasn't big enough. So they bailed, and it probably made perfect sense for their situations.