Ask HN: WWYD? Built a company valued at $1B and may walk away with nothing
I'm looking for some "What Would You Do?" advice from the founder and investor community. Generally looking for guidance on what I should be negotiating for and what type of downside protection is fair, in any? Financial Overview - At our peak (Series C) we were valued at $1B post money - $187M raised by the company - $250M preference stack (liquidation prefs + debt) - I own ~27% of the business, and so does my co-founder. My co-founder is no longer part of the business day-to-day, he's on the board - We will end the year at $130M in annual revenues and burning ~$925K/month, we are a low gross profit margin business ~15-20% Personal Overview - I live in New York City, it's been ~ 10 years that I have been on this journey, bootstrapped with no salary for about 2.5 years and pretty modest salary for most of the years, up until a couple years ago when I started
Why it failed
I'm looking for some "What Would You Do?" advice from the founder and investor community. Generally looking for guidance on what I should be negotiating for and what type of downside protection is fair, in any? Financial Overview - At our peak (Series C) we were va
- Kind
- startup
- Status
- Shut down
- Inventor
- susanwise
- Ended
- 2023
- Source
- hackernews