5 ms·

If you don't give people their fair share...

• varelse 13y ago
  Not in this case, even the CEO would have walked away empty-handed. Too many funding rounds had transpired with ever-increasing multipliers on the liquidation preferences. Still, I think there's an argument that had he taken the buyout, he personally could have argued that he delivered for the investors and that would have gotten him to round 2.
  • beefxq 13y ago
    Liquidation preferences should have been reset. This is a perfect case of VC being too greedy and lost it all because of greed.