News for hackers. Stuff that matters.

A comment on Ask HN: YC misses that went on to do well (like veed.io). Parent comment

Re:Ask HN: YC misses that went on to do well (like veed.io) by mahmoudimus on Monday September 05, 2022 @04:50PM (#32729284)
I believe it was an all cash txn
[ Parent | on HN ]
Re:Ask HN: YC misses that went on to do well (like veed.io) by Kkoala on Monday September 05, 2022 @07:04PM (#32730526)
That seems unlikely. Startup acquiring another startup is rarely all cash deal.

Also according to CrunchBase Bolt has raised about $970 million in total. Their revenue is at somewhere around $20-50 million, so they wouldn't even had the cash. Also seems unlikely they would have taken or gotten a massive loan to do an all-cash acquisition like that

[ Parent | on HN ]