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After 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.
by SeoxyS 11y ago
After 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."