That was pretty normal. But the angel and venture investors walked away with money. And if the founders were smart or assertive enough, they also made enough money to start a new venture, possibly with less external seed funding.
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My company was acquired by Cisco … and within six months everyone from the original company had been laid off.
That was pretty normal. But the angel and venture investors walked away with money. And if the founders were smart or assertive enough, they also made enough money to start a new venture, possibly with less external seed funding.