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by benatkin 2869 days ago
It's strange that the investors would agree to having the team and tech aquihired. What's in it for them?
2 comments

Optics of having a portfolio company "acquired by fb", non-zero returns (more relevant for angel, for VCs it's pretty much the same as nothing), frees up mental energy to focus on other companies.
VC returns mainly come from the outsized unicorns and super performers. The rest of the portfolio can be null for all intents and purposes; it doesn't dramatically change the returns.