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A comment on So Close. Parent comment

Re:So Close by yawaramin on Monday January 01, 2018 @11:12PM (#16049809)
A few things:

- They didn't pay contractors for months of work

- They gave no hints to anyone that they were running out of funds

- They agreed to stop looking for acquisitions while in discussions, without requiring a bailout penalty clause in exchange

- $45m for a lock? Where the heck did it all go? Elon Musk's initial investment in Tesla was $6m in 2004.

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Re:So Close by greglindahl on Tuesday January 02, 2018 @02:04AM (#16050391)
I have been a founder at 2 startups that were acquired. In both cases there was a "noshop" with no bailout penalty. But the "noshop" didn't say we couldn't look for additional investors. I don't see anything in this writeup that implies that the noshop was unusual.
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