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This was more likely a 0-0.1x return. There's no chance the investors were happy with this- if a company had years of runway they almost certainly advised them
by nylonstrung 3y ago
This was more likely a 0-0.1x return.
There's no chance the investors were happy with this- if a company had years of runway they almost certainly advised them to tough it out. Even a downround would be preferable compared to a total writeoff
- Eridrus 3y agoProbably 0x for everyone except the last round investors who would get basically all the cash in the bank due to liquidation preferences, which is probably 0.66-0.84x return IMO.