They grew to ~$20M in ARR, had a decent product, and no one would acquire them?
If the earn-out is paid on migrated ARR then Carta basically controls the number. I'd treat the 50% as a ceiling.
Correct
I updated the “dead zone” chart. I was using the wrong version that wasn’t showing the common shareholders benefiting after $50M
If the earn-out is paid on migrated ARR then Carta basically controls the number. I'd treat the 50% as a ceiling.
Correct
I updated the “dead zone” chart. I was using the wrong version that wasn’t showing the common shareholders benefiting after $50M