Re:Viddy returns $18M of its $30M Series B
by outside1234 on Tuesday May 07, 2013 @09:45PM
(#5672005)
In particular, does this mean that the VCs get correspondingly less equity?
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Re:Viddy returns $18M of its $30M Series B
by adventured on Wednesday May 08, 2013 @01:37AM
(#5672701)
Not necessarily. The company could have been revalued in the process (since the market prospects clearly changed).
To some extent, this might be a deal for Viddy (aka as good as it gets). If the investors are in control of the company, they could have just closed the shop and returned all the funds.