No, that&#x27;s not why no deal happened. I suspect it was because he was not raising money but because he was selling some of his own shares. In other words: he was trying to take some money of the table. And those are very hard deals to close.<p>This is the key line:<p>&gt;  I tried to sell some of my shares in a secondary transaction at less than a fifth of that price – and I was turned down by every VC I asked.<p>So, he eventually actually made more on those shares, about 80% more and lucked out. But there is no way of knowing what would have happened in an alternatively universe where some VC would have bought a chunk of stock from Justin. Maybe then this deal would have never happened. You don&#x27;t get to play twice, but it&#x27;s nice that it all worked out so well for him.