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A comment on Sell your startup for half a billion and get nothing (2021). Parent comment

Re:Sell your startup for half a billion and get nothing (2021) by n2d4 on Tuesday March 05, 2024 @09:21AM (#39603778)
What they did wrong was accepting an all-shares transaction in the acquiring company. Those come with risks, and sometimes the risk is that the company goes bankrupt a year later and you'll be left with nothing.

My understanding is that they were badly advised by Goldman Sachs. Still, "doing the right thing" sometimes includes ignoring bad advice.

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Re:Sell your startup for half a billion and get nothing (2021) by weinzierl on Tuesday March 05, 2024 @05:12PM (#39609795)
The way I see it is that they did not stand a chance and for me the moral of the story is that if you are not screwed by investors you can very well get screwed by someone else.
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