This engineer rejected a startup that raised #110 mn usd in less than 2 years after her rejection
IIRC, out of 110mn, 100mn is debt. Also, the screenshot looks made up as the timestamps doesn't make sense.
Jordon Lee
Stealth
2 years ago
+1 seems fake, sad to see founders posting these kinds of posts.
For your information btw. In that $110M, $100M is debt. Only $10M is equity.
I have no thoughts on this. How does the debt part matter if the company has raised.
Let's say they gave away 10% equity in this round. If they would have raised $110M in equity, their valuation would be $1.1B. But if they raised $10M in equity, the valuation would be $100M.
Jordon Denver
Stealth
2 years ago
He must me working in Faang like companies which are valued at Multi Billion Dollar. So he did the right thing even now the startup won't be able to match his salary.
She/her kind of women are always this egoistic.
She could had simply ignored or wrote a polite rejection.
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Inc42 has found that over 60% of Indian soonicorn founders do not hail from IITs, and over 77% had a non-IIM background.
https://inc42.com/features/now-non-iit-iim-graduates-at-the-helm-of-indian-unicorns-growth-story/
