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Even in the case of rich founders, I think money is such a great enabler that one can take that incredible amount and move on to the next thing (or things). I r
by yawz 13y ago
Even in the case of rich founders, I think money is such a great enabler that one can take that incredible amount and move on to the next thing (or things). I respect one's decision to brush the money aside and move on towards the big dream but we're talking about 3 billion here :).
- byoung2 13y agoBefore the $3 billion offer, when SnapChat raised $80 million at an $800 million valuation, the founders each took $10 million off the table. The investors probably wrote a clause into the deal giving them the right to approve any acquisition offer [1]. The investors want tens of billions. 1. http://valleywag.gawker.com/source-snapchat-cofounders-unloaded-personal-stock-for-574730704 http://valleywag.gawker.com/source-snapchat-cofounders-unloa...