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Selling Out – Early Investors Take Their Leave

Dashboard > Chapter 7: Financial Analysis: BUBB's First Quarter > Selling Out – Early Investors Take Their Leave

Selling Out – Early Investors Take Their Leave

A bunch of things were now going into motion:

Selling Out BUBB

The six-month 144a lockup is about to expire. The VCs and Mr. Reid are ecstatic. They had planned to sell all along—that is the VC strategy, after all—but this is a delicate discussion. PurpleKey alienated A when it imposed Wu as CEO (A realizes that Wu was a smart choice, but is still annoyed about how things were handled), yet PurpleKey would love to retain a board seat. Being on the board would allow PurpleKey to tap into tal...

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