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In particular, does this mean that the VCs get correspondingly less equity?
by outside1234 14y ago
In particular, does this mean that the VCs get correspondingly less equity?
- adventured 14y agoNot necessarily. The company could have been revalued in the process (since the market prospects clearly changed). To some extent, this might be a deal for Viddy (aka as good as it gets). If the investors are in control of the company, they could have just closed the shop and returned all the funds.