[mritchie712]

replicate "only" raised $50m, so I'd wager the founders, investors and early employees did well here.

If they raised $500m... then yes, the wouldn't have done so well.

[dagi3d]

for investors, it will highly depend on the valuation ($350m) and liquidation preferences. so, even if they "only" raised $50m, seeing almost or none return is plausible. this also includes employees who exercised their options. another story is for the founders