[plingamp]

According to Crunchbase, Loopt raised $39.1M.

[grumple]

How many years did it take to go from 39 million to 43 million in value? Would've been better off in bonds, perhaps.

This isn't a success story, it's a redistribution of wealth from investors to the founders.

[hamburglar]

Ah, the much-sought-after 1.1X return that VCs really salivate over.