How to Build a Unicorn and Walk Away with Nothing
Of course terms matter, but the example she gives seems somewhat contrived. Particularly this part:<p>>> In the deal, Hooli would invest $200 million for equity while in return the two companies would enter into a business development agreement on the side in which Pied Piper guarantees to spend that money in a massive consumer campaign on Hooli’s ad platform. They float the magic “B” valuation. Richard goes to sleep dreaming of rainbows and unicorns.<p>If you take all that money in with a <i>massive</i> string like that attached (basically no freedom at all to spend it except on one thing), I would think you have only yourself to blame for the result.