News for hackers. Stuff that matters.

A comment on I sold Baremetrics. Parent comment

Re:I sold Baremetrics by treis on Tuesday November 10, 2020 @03:27PM (#25051432)
>an option to make a lot of money in case of a big future success.

That's why they gave Baremetrics $800k 5 years ago. Why they are giving the founder $800k today is far less clear.

[ Parent | on HN ]
Re:I sold Baremetrics by nl on Tuesday November 10, 2020 @10:40PM (#25055263)
They invested $800K in Baremetrics.

> Why they are giving the founder $800k today is far less clear.

They aren't. They are just writing off their initial investment.

They lose $800K (which is less than that because it can be offset for tax purposes), not $1.6M.

[ Parent | on HN ]
Re:I sold Baremetrics by bigiain on Tuesday November 10, 2020 @06:37PM (#25053600)
There was only ever one $800k "given". You're making it sound like "today" they went all in on $1.6mil in total. That isn't what happened.
[ Parent | on HN ]