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Except we're talking about 100% and 200% interest rates, if you read the article. We're talking a $1G company financing $333M and getting nothing.
by dheera 3y ago
Except we're talking about 100% and 200% interest rates, if you read the article.
We're talking a $1G company financing $333M and getting nothing.
- giantg2 3y ago"Except we're talking about 100% and 200% interest rates, if you read the article." I did read the article. I even went back a looked again. I see no mention of interest rate for the FanDuel deal. "company financing $333M" So if you're saying they financed this amount, there's no way they're subject to 100% interest if the investors get up to approximately $550M. Not to mention this investment timeframe covers years. I don't have the timeframe. What was the actual rate of return? I'm guessing low to mid single digits. Why would an investor put money into something so high risk for so little money when they could just put it in safer assets with higher return? It sounds like you're angry they got nothing because you're only looking at it from the founder perspective. They agreed to the terms.