Hacker News new | ask | show | jobs
by outside1234 4789 days ago
In particular, does this mean that the VCs get correspondingly less equity?
1 comments

Not necessarily. The company could have been revalued in the process (since the market prospects clearly changed).

To some extent, this might be a deal for Viddy (aka as good as it gets). If the investors are in control of the company, they could have just closed the shop and returned all the funds.