{"id":1734,"date":"2007-09-25T14:37:02","date_gmt":"2007-09-25T18:37:02","guid":{"rendered":"http:\/\/www.mathewingram.com\/work\/2007\/09\/25\/damn-only-got-2-times-my-money\/"},"modified":"2007-09-25T14:37:02","modified_gmt":"2007-09-25T18:37:02","slug":"damn-only-got-2-times-my-money","status":"publish","type":"post","link":"https:\/\/mathewingram.com\/work\/2007\/09\/25\/damn-only-got-2-times-my-money\/","title":{"rendered":"Damn &#8212; only got 2 times my money"},"content":{"rendered":"<p>Mike Arrington has a post up at TechCrunch about Parakey, the embryonic startup that featured Mozilla whiz-kid Blake Ross as a co-founder. According to Mike, some of the VCs who put money into Parakey <a href=\"http:\/\/www.techcrunch.com\/2007\/09\/25\/parakey-did-investors-get-left-out-in-the-cold\/\">are miffed that<\/a> they only got cash after Facebook bought Parakey, while Ross and his co-founder got Facebook stock, which could be worth millions. Says Mike:<\/p>\n<blockquote><p>The acquisition price, say two sources close to the deal, was paid in cash and was \u00e2\u20ac\u0153less than $4 million,\u00e2\u20ac\u009d providing investors with just a 2x return on their investment.<\/p><\/blockquote>\n<p>This is how bizarre things are in Silicon Valley: Venture capitalists put money into <a href=\"http:\/\/www.readwriteweb.com\/archives\/parakey_webos.php\">an early-stage startup<\/a>, and double their money in just six months, while the guy who sells his company gets no money at all &#8212; just stock in a company that might someday be bought or go public with a (theoretically) multibillion-dollar valuation. And the VCs are the ones who are pissed.<\/p>\n<div class=\"syndication-links\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Mike Arrington has a post up at TechCrunch about Parakey, the embryonic startup that featured Mozilla whiz-kid Blake Ross as a co-founder. According to Mike, some of the VCs who put money into Parakey are miffed that they only got cash after Facebook bought Parakey, while Ross and his co-founder got Facebook stock, which could &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/mathewingram.com\/work\/2007\/09\/25\/damn-only-got-2-times-my-money\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Damn &#8212; only got 2 times my money&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crsspst_to_mathewingramblogwordpresscom":false,"mf2_syndication":[],"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1734","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/1734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/comments?post=1734"}],"version-history":[{"count":0,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/1734\/revisions"}],"wp:attachment":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/media?parent=1734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/categories?post=1734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/tags?post=1734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}