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Re:Secret Shuts Down by lnanek2 on Thursday April 30, 2015 @12:20AM (#9463334)
Seems like a big success to me. The founders each took 3 million cash off the table on investment and now are closing up the company. Corporations are just a vehicle to make money after all, they got their pay day and ran.
Re:Secret Shuts Down by speby on Thursday April 30, 2015 @10:43AM (#9465340)
There are almost certainly rules/stipulations around the money that was taken off the table by the founders in their funding round. It most certainly was tied to vested equity, at an absolute minimum, rather than granted as something such as a one-time bonus with no strings attached.

I would be surprised if the founders get to contractually retain the entire $3MM taken off the table in that funding round. It is possible that this is the case (and so maybe not so surprising) but given the often unique terms in startup funding, I would be surprised if this were the case here.

Re:Secret Shuts Down by jackgavigan on Thursday April 30, 2015 @12:32AM (#9463371)
Question is, will any VC want to fund them again in the future?
Re:Secret Shuts Down by kidgorgeous on Thursday April 30, 2015 @01:03AM (#9463435)
doesn't matter, had sex
Re:Secret Shuts Down by raverbashing on Thursday April 30, 2015 @06:08AM (#9464142)
A lot of VCs funded Color, so I don't see why