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Gowalla investor Jason Calacanis said Gowalla’s investors didn’t exactly get the short end of the stick as everyone expected in the Gowalla-Facebook deal that happened earlier this month.Gowalla’s founders didn’t “screw over” investors with their compensation packages from Facebook, Calacanis wrote on his personal blog today. Here’s what he had to say:
I’ve reviewed the basic details of the deal, and while the team members going to Facebook are getting good deals, it’s nothing that would indicate an “end run” around the investors.
Now, I would have rather Gowalla’s founders said to Facebook “You gotta make our investors whole or we’re not coming,” but I think that wasn’t possible in this case.
I’ll leave it up to the founders to handicap exactly why they sold, where they failed and where they succeeded in the business.
As investors, we’re all big boys and girls and understand that sometimes you win, sometimes you lose and many times you wind up somewhere between the two.
Facebook acquired the Gowalla founders for its engineering team earlier this month.