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Damn, i did not know Ouya was still relevant. I had assumed that the idea had fallen down to obsolescence land. Jokes on me though, they just pulled in 10M.
by roflchoppa 11y ago
Damn, i did not know Ouya was still relevant. I had assumed that the idea had fallen down to obsolescence land. Jokes on me though, they just pulled in 10M.
- SeoxyS 11y agoAfter raising 33M from VCs, a 10M exit leaves everybody with nothing… Likely, the investors got some cash for the IP, and the rest went into retention bonuses.
- roflchoppa 11y agoMan I'm just happy that i got my 100 bucks back from backing that god forsaken console.. also learned how to sell things on amazon, that was a cool experience. So in a way i guess i got my money back from the "investment".
- gorena 11y agoWell, everyone gets nothing except the people with the retention bonuses - the employees. So, money was funneled from rich VCs to workers? I'm... okay with this.
- swang 11y agoArticle says VCs got their money back, which in all likelihood means employees got nothing.
- gorena 11y agoIn my experience with acquihires the employees usually end up with a pretty nice package of RSUs, while the VCs take a huge loss. They don't make money on the exit, but they do well.
- crazypyro 11y agoWhere are you seeing a 10M exit? I don't see the purchase price mentioned anywhere.
- leetNightshade 11y agoI'm not sure where they saw it, as I can't find the source either. The only $10M value I saw was an investment from Alibaba. I did find this though, but we don't know if $10M was the final value: http://venturebeat.com/2015/06/15/razer-grabs-the-struggling-ouya-android-microconsole-investment-bank-confirms/ http://venturebeat.com/2015/06/15/razer-grabs-the-struggling...
- SeoxyS 11y agoI don't know anything about 10M, just responding to the parent comment that said "Jokes on me though, they just pulled in 10M."
- deleted 11y ago[deleted]