HackerNews is a little bit disappointed with WePay’s mere >$220 million acquisition. Better luck next time, founders
pic.twitter.com/sLJ2ys5gEx
CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.
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HackerNews is a little bit disappointed with WePay’s mere >$220 million acquisition. Better luck next time, founders
pic.twitter.com/sLJ2ys5gEx
to be fair, they raised $74M, depending on cap table and liq preferences the founders might not see much...
relative to $220M exit + 8 years of heroic work as a founder i think $1m is tiiiiiiiny
If exit = 220m then - say 1x lig pref of 75m that still leaves 145m. Say founders still hold 25% combined, leaves them w 36.2m = a lot
1x of 75 is very optimistic
Really? Not that much familiar with later stage investments / Silicon Valley customs but more than 2x seem very founder unfriendly.
In today’s market I’d be shocked to see 2x
Thx. That's whatvI have been thinking
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