4 ms·
The same thing sprang to my mind, but Groupon did hit $17.8B at its IPO. Any significant shareholders who cashed out then would have made off like bandits.
by redthrowaway 14y ago
The same thing sprang to my mind, but Groupon did hit $17.8B at its IPO. Any significant shareholders who cashed out then would have made off like bandits.
- tanzam75 14y agoYou can't always depend on market irrationality, though. VC firms became quite frantic during the market meltdown of 2008-2009. If a startup was burning cash, they told them to fire most of their staff. There was simply no exit possible -- either via IPO, or a sale to a larger company.