top | item 7477939

(no title)

cmis | 12 years ago

This article and most folks are missing the point, Lithium hasn't raised nearly enough to pay a meaningful amount in cash, maybe enough for investors to get their money back. The $200m value was in funny-money private company stock which at inflated valuations is like buying hotels with monopoly money. Entrepreneurs deserve incredible respect for what they create but lets call things what they are, this wasn't a $200m exit.

discuss

order

hkmurakami|12 years ago

I wish this fact were more prominent, so that this news wouldn't dissuade those who are interested in non-fluffy ideas as much.