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untog
on Sept 8, 2013
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TutorSpree (YC W11) shuts down
You make it sound like they had a choice. They'll never be able to say it publicly, but even if they were happy with slow growth I'd bet a lot of money their VC investors weren't.
mbesto
on Sept 8, 2013
[–]
Wait, let me understand this... You're implying that investors have more than 50% voting shares then right?
untog
on Sept 9, 2013
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parent
[–]
It doesn't just come to voting share. You'll be taking their advice if you want that next round of funding.
mbesto
on Sept 9, 2013
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root
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[–]
So they
did
have a choice...? If the business goes bust, then why do you need another round of funding?
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