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by varelse
4687 days ago
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Not in this case, even the CEO would have walked away empty-handed. Too many funding rounds had transpired with ever-increasing multipliers on the liquidation preferences. Still, I think there's an argument that had he taken the buyout, he personally could have argued that he delivered for the investors and that would have gotten him to round 2. |
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This is a perfect case of VC being too greedy and lost it all because of greed.