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A comment on Xobni - a waste of money. Parent comment

Re:Xobni - a waste of money by fleaflicker on Monday April 21, 2008 @04:46PM (#169879)
There are a lot of factors to weight when considering a sale. It's not as simple as weighing the (rumored and potentially inaccurate) purchase price.

You can't say it was foolish unless you know everything--payment schedule (cash/stock/milestones), ambition of founders, post-acquisition employment requirements, future direction of the product.

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Re:Xobni - a waste of money by jamiequint on Monday April 21, 2008 @05:35PM (#169928)
not to mention that a sub $20M sale on $4.2M investment would not be seen favorably at all by the investors sitting on the board.
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Re:Xobni - a waste of money by mattmaroon on Tuesday April 22, 2008 @02:22AM (#170342)
Right. I don't know what their premoney was, but it had to be in the 8-10 range I'd guess. VCs don't approve 2x returns.
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