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They had two years in the bank. They knew the risks and the likelihood of what would have happened. They could have been paid themselves for 2 years, tried a
by jasonlbaptiste 17y ago
They had two years in the bank. They knew the risks and the likelihood of what would have happened. They could have been paid themselves for 2 years, tried a lot of different things, and potentially wasted the money. That is how it usually goes. Instead they cut their losses. I'm pretty sure the investors would rather have their money back than nothing at all.
- ynniv 17y agoBy "they", I assume that you meant the founders. Did the founders have personal losses to be cut? > I'm pretty sure the investors would rather have their money back than nothing at all. Did you ask them? Are you yourself a VC investor? Its rather possible that investors saw promising talent and wanted to buy 2 years of their time.