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by necubi
839 days ago
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This wasn't a big acquisition, it was an acquihire. The company essentially failed. They raised ~$40M, and it's unlikely they sold for that much. Investors will get some of their money back, and the remaining founder will get some vesting equity at Airtable as incentive to stay post-acquisition. But so long as you sell for less than your total raise, common shares will be worth nothing even with liquidation preferences of 1x. |
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