Time is the Enemy of All Deals
Both Sides of the Table
FEBRUARY 25, 2010
But we weren’t optimizing for dilution – we were building a $1 billion+ company and we wanted the runway to succeed. My co-founder and other management team members wanted us to hold off and see whether we could get the deal done at a higher price. We ended up agreeing a term sheet for $16.5 Yes, this was stupid.
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