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by vanessa98 3906 days ago
He got 40M from selling Loopt? Didn't Loopt raise 40M? How does Sam have 10M lying around?
1 comments

According to the press releases from the Loopt exit, they had raised 17m at that point, and 9.8m of the acquisition was the golden handcuff for the employees. So sama probably doesn't have 10m just lying around and is probably pulling some financial acrobatics to get it, but he's putting on a brave face by quoting the amount nonchalantly.