The company shares investors and two board members, August Capital’s David Hornik and Focus Ventures’ Steven Bird. Says a source, “Six Apart is hosed, so they are screwing [VideoEgg] by making them buy Six Apart – and [thereby] diluting [VideoEgg] shareholders.” “Venture Capital at it’s worst in my humble opinion.
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Six Apart Falling Apart: Investors Push Blogging Platform And Ad Network VideoEgg Toward Merger Sawickipedia: No comment on whether it’s true or not but the moral of the story for founders: Control is worth a lot of valuation. |
