Tech

The cruel truth about how much money two founders will likely get after selling their startup for $465 million reveals the catch-22 of raising too much money

Paddy Power Betfair is acquiring fantasy sports company FanDuel. FanDuel was valued at $US1 billion just three years ago. Now, the company is being sold for less than half that amount. According to documents that detail the deal’s specifics, FanDuel’s original founders might not make any money from the sale. […]
The cruel truth about how much money two founders will likely get after selling their startup for $465 million reveals the catch-22 of raising too much money