Re:21-Year-Old Raises Largest Seed Round In Silicon Valley H...
by segmondy on Thursday June 27, 2013 @11:30AM
(#5952795)
Sometimes it's cheaper for investors to pump money into a new company than try to buy into one that has already gained traction. For $25mil they might take 80% of the company. If they gave Dwolla 25million, they might get 10%. If investors believe the technology will be in demand in the near future, gambling $25 million for a slice of that pie is a no brainer.
/legal may say something about what they are working on to.
I'm quite excited to see it.