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j7aketoday at 1:10 AM1 replyview on HN

You forgot to account for the 100+ employees. The liquidity event would have helped their families as well.


Replies

elwattotoday at 6:27 AM

I won’t disclose details out of respect for the other party, but no, not necessarily. As I wrote, it was a good deal for the founders and some investors, but not for everyone, including employees. There are many ways to structure a sale, and unfortunately not all of them split the cake equally.