LivingSocial Offers a Cautionary Tale to Today’s Unicorns

Re:LivingSocial Offers a Cautionary Tale to Today’s Unicorns by jacquesm on Friday November 20, 2015 @06:51PM (#10604659)

You're the person making the claim, that means you already know where the evidence is, and assuming that is true a polite request for sharing that evidence should not be answered with 'do your own homework' on the off-chance that you don't actually have such evidence. So, if you have any evidence it would be much appreciated if you produced it.

As a rule, especially with deals like these the founders do not get to take money off the table until the company has achieved certain benchmarks so I'm as curious as the GGP is.

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Re:LivingSocial Offers a Cautionary Tale to Today’s Unicorns by ChuckMcM on Friday November 20, 2015 @06:58PM (#10604693)

I don't think they really know. The list of all LivingSocial filings is here: http://www.sec.gov/cgi-bin/browse-edgar?company=LivingSocial... and the $400M raise filing is here: http://www.sec.gov/Archives/edgar/data/1439606/0001439606110... which includes a note that $200M went to "others". But nobody seems to know definitively if those "others" included the founders or if it was just earlier investors cashing out. Given that the egregious cash out by GroupOn's founders had recently occurred I would be surprised if LivingSocial's investors would agree to paying off the founders but stranger things could happen.

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