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throwawaycities | 9 months ago
Napster was acquired and relaunched in crypto a few years ago and just resold for $100M+ to a metaverse company immediately following a new raise at a $1B+ valuation.
So yeah it’s acquiring historic IP by VC/PE to resell to friends that are using someone else’s funds. Considering the .com boom and era of publicly traded big tech giving golden parachutes to friends (buying their companies and shutting them down) - it’s very nostalgic.
rchaud|9 months ago