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A comment on Confirmed: Walmart buys Jet.com for $3B in cash. Parent comment

Re:Confirmed: Walmart buys Jet.com for $3B in cash by emagdnim2100 on Monday August 08, 2016 @12:54PM (#12249150)
By "zero out," do you mean they were previously valuable and then dropped below their strike price after accounting for the > 1x preference? That sucks and I'm sorry it happened to you. It's still pretty unusual though.

Curious to hear - were any of the following factors in play: (i) the company was struggling to stay afloat, (ii) the company was located outside SF/NYC, (iii) the company had less-experienced founders?

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Re:Confirmed: Walmart buys Jet.com for $3B in cash by danielweber on Monday August 08, 2016 @03:32PM (#12250300)
The company was sold and my purchased shares were worth $0.00.

The founders had secured, until I joined, funding coming in without any preferences at all, or so management told me repeatedly. I don't know when that changed, or maybe management was lying to me all along.

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Re:Confirmed: Walmart buys Jet.com for $3B in cash by acjohnson55 on Monday August 08, 2016 @11:04PM (#12252318)
Might be worth suing?
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