Re:The end of Airplane.dev
by nylonstrung on Wednesday March 06, 2024 @07:50PM
(#39623762)
This was more likely a 0-0.1x return.
There's no chance the investors were happy with this- if a company had years of runway they almost certainly advised them to tough it out. Even a downround would be preferable compared to a total writeoff
Re:The end of Airplane.dev
by Eridrus on Thursday March 07, 2024 @10:16AM
(#39630104)
Probably 0x for everyone except the last round investors who would get basically all the cash in the bank due to liquidation preferences, which is probably 0.66-0.84x return IMO.
There's no chance the investors were happy with this- if a company had years of runway they almost certainly advised them to tough it out. Even a downround would be preferable compared to a total writeoff