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Seems like a big success to me. The founders each took 3 million cash off the table on investment and now are closing up the company. Corporations are just a ve
by lnanek2 11y ago
Seems like a big success to me. The founders each took 3 million cash off the table on investment and now are closing up the company. Corporations are just a vehicle to make money after all, they got their pay day and ran.
- jackgavigan 11y agoQuestion is, will any VC want to fund them again in the future?
- kidgorgeous 11y agodoesn't matter, had sex
- raverbashing 11y agoA lot of VCs funded Color, so I don't see why
- speby 11y agoThere are almost certainly rules/stipulations around the money that was taken off the table by the founders in their funding round. It most certainly was tied to vested equity, at an absolute minimum, rather than granted as something such as a one-time bonus with no strings attached. I would be surprised if the founders get to contractually retain the entire $3MM taken off the table in that funding round. It is possible that this is the case (and so maybe not so surprising) but given the often unique terms in startup funding, I would be surprised if this were the case here.