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>It's a startup, it ran out of money, it failed, there is nothing left It may not be that clear cut ... From the article: The startup, valued by investors las
by vic-traill 3y ago
>It's a startup, it ran out of money, it failed, there is nothing left
It may not be that clear cut ...
From the article: The startup, valued by investors last year at $3.8 billion, had already whittled its staff down to about 500 people from a peak of 1,500, and was on track to run out of money in a matter of weeks
- mywittyname 3y agoPrivate party valuations are essentially made up figures.
- akavi 3y agoI don't see where you're seeing execs making any money off of Convoy in that quote. If there are any outstanding debt obligations (which I expect there are), then those would be senior to voluntary severance even if the company hadn't spent its literal last dollar.
- vic-traill 3y agowas on track to run out of money in a matter of weeks (from TFA) != it ran out of money, it failed, there is nothing left (your comment) I appreciate you were focused on the exec compensation part of the dialogue. Just noting that the money was not yet all gone.