No people on the Boards of both companies? Sorry for being cynical. Seen so much funny stuff in this industry. Good for Deno. Better choice given the talent behind it than Bun, IMHO.
So what am I supposed to do, just congratulate them and avoid any critical thought so as not to get downvoted into negative territory on my first day commenting on HM after 5 years of staying away for this exact reason?
Cloudflare is a publicly traded company.
There is nothing that requires a VC to sell part or all of their shares when an IPO occurs. And you can read their S1[0] to verify.
[0] https://www.sec.gov/Archives/edgar/data/1477333/000119312519...
> There is nothing that requires a VC to sell part or all of their shares when an IPO occurs
Okay, but I never said there was, so nice strawman argument
At this point they are already up 1000% on their investment
No people on the Boards of both companies? Sorry for being cynical. Seen so much funny stuff in this industry. Good for Deno. Better choice given the talent behind it than Bun, IMHO.
...And the VCs who invested in Deno will be getting their return from Cloudflare acquiring it, since they are "not allowed to lose".
They would rather have Deno pursue an acquisition instead of shutting down and losing their investment.
The only questionable detail about this announcement is it was for an undisclosed amount. Make of that what you will.
> not allowed to lose
I mean that's just not how it works, most VC investments go to zero and they know that.
So what am I supposed to do, just congratulate them and avoid any critical thought so as not to get downvoted into negative territory on my first day commenting on HM after 5 years of staying away for this exact reason?