>Four others that raised money but with painful recapitalizations that effectively wiped out early shareholders
I think its the recapitalizations that make the investments unfair. To buy a stake in a company then have it diluted by the bigger fish once a lot of the risk has been mitigated is BS if you ask me.
alt Hacker News
>Four others that raised money but with painful recapitalizations that effectively wiped out early shareholders
I think its the recapitalizations that make the investments unfair. To buy a stake in a company then have it diluted by the bigger fish once a lot of the risk has been mitigated is BS if you ask me.