Comment by riku_iki
2 years ago
I think he just steps down as CEO, there is no company acquisition happening, so no one gets paid. I think company essentially failed to generate revenue and/or get new investment round.
2 years ago
I think he just steps down as CEO, there is no company acquisition happening, so no one gets paid. I think company essentially failed to generate revenue and/or get new investment round.
https://www.theinformation.com/articles/google-hires-charact...
Investors are being bought at 2.5B valuation
I don't trust that site. They spread unconfirmable rumors behind paywall.
Base on those numbers, $150M of series A with 1B valuation would be bought now for 375M(which is high for failed startup), my understanding is that such transaction has to be disclosed.
This is public info. 2.5b and $88 per share for all
1 reply →
Yes that seems right. Though I think they could've gotten a new investment round if they wanted one, I'd be surprised if that was the cause.