Re:Box S-1 Filing
by eaurouge on Monday March 24, 2014 @05:50PM
(#7461871)
Probably a fake account, but apparently Mark Cuban was an early investor but had his investment returned over a disagreement on strategy.
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Re:Box S-1 Filing
by adventured on Monday March 24, 2014 @07:01PM
(#7462381)
It's a pretty silly story. To keep even 10% ownership of Box through their massive dilution would have been extremely expensive. Cuban owned a small position in it. Very understandable how that would not have been worth it for a guy like Cuban (who has demonstrated he's content with a couple billion, and never puts even a small % of his fortunate at risk, having stated over the years that his biggest fear is losing it all).
"DFJ got in early, contributing the whole $1.5 million Series A round in 2006, and participated in every round after to build its 25.5% position. The Wall Street Journal says the latest $100 million round was at a $2 billion valuation, which implies Box will likely be valued higher than that at IPO."
Cuban invested $350K in the seed, so it was just his call.
Re:Box S-1 Filing
by adventured on Monday March 24, 2014 @09:24PM
(#7463106)
That was understood when I commented.
Not sure what your point is.
"Cuban owned a small position in it"
No, not if he invested $350k in the seed round (in 2005).
Take a look at the capital raises.#
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# "DFJ got in early, contributing the whole $1.5 million Series A round in 2006"