petermcbeater

3 ms·

1. 1.▲
   by petermcbeater 10y ago

   Do investors get no say when negotiating an acquisition?
2. 2.▲
   by petermcbeater 10y ago

   Seriously, there were no specifics here about how much each founder got of the 5 million and how much each founder got out of the 10 million. Taking the simplest view of 1/3 split, he screwed himself (and his outher founders) out of 1.
3. 3.▲
   by petermcbeater 10y ago

   I messed up my comment, supposed to read "over a million and a half" I could see ~500k MAYBE but 1.5million....
4. 4.▲
   by petermcbeater 10y ago

   So the screw over was that the company fetched 5 million instead of 10? Assuming a 3-way split, 1.66 million versus 3.33 million each? He had to take a least a million dollar hit in that scenario, or did Facebook give him something else bes