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> Founders and employees would be paid only if the acquisition exceeded $559M

I think the problem with the article is that it emphasized the absolute acquisition value and omitted the fact that the company raised $400M. Considering the amount they raised, $559M seems much more reasonable and not quite bad terms?

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That's actually one of the best points in here. They didn't make any money or valuation over their funding. Really? You couldn't make a gambling site for less than $400M? Maybe 2500 years of human labor at 150k / yr? Really?

Their sale was a 16% increase on their investment rounds. They soaked up half a billion in investment, and then got almost no return or "value added."

Almost as dumb as that $500 million tomato farm that couldn't grow tomatoes. (had to check, AppHarvest)

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