I mean to me this is a totally wild story from the money side.
- Raised $73 M from notable, no bullshit VC's including Sequoia, DCM, Draper
- Valued around $400M (results may vary)
- Sold for <$3M
Either we don't know the whole story (>50% chance), someone fucked up royally with IP or something or everyone was pissed off about this entire situation. It's really surprising to me that the Series B folks couldn't engineer or claw back more than that, especially given the brand recognition etc...
- Raised $73 M from notable, no bullshit VC's including Sequoia, DCM, Draper
- Valued around $400M (results may vary)
- Sold for <$3M
Either we don't know the whole story (>50% chance), someone fucked up royally with IP or something or everyone was pissed off about this entire situation. It's really surprising to me that the Series B folks couldn't engineer or claw back more than that, especially given the brand recognition etc...
[1]https://www.crunchbase.com/organization/yik-yak#/entity
[2]http://www.businessinsider.com/yik-yak-sells-to-square-for-3...