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Comment by mistralx01 | Hacker News Reader

The founders and early execs of Living Social did very well! All of them walked away with millions.

Curious if you know that or just think that? They did 10 rounds of funding according to CrunchBase and at first glance I did not see any where the founders took money off the table for themselves.

Look through AngeLlist and few other places on the interwebs. Do some sleuthing....

You're the person making the claim, that means you already know where the evidence is, and assuming that is true a polite request for sharing that evidence should not be answered with 'do your own homework' on the off-chance that you don't actually have such evidence. So, if you have any evidence it would be much appreciated if you produced it.

As a rule, especially with deals like these the founders do not get to take money off the table until the company has achieved certain benchmarks so I'm as curious as the GGP is.

I don't think they really know. The list of all LivingSocial filings is here: http://www.sec.gov/cgi-bin/browse-edgar?company=LivingSocial... and the $400M raise filing is here: http://www.sec.gov/Archives/edgar/data/1439606/0001439606110... which includes a note that $200M went to "others". But nobody seems to know definitively if those "others" included the founders or if it was just earlier investors cashing out. Given that the egregious cash out by GroupOn's founders had recently occurred I would be surprised if LivingSocial's investors would agree to paying off the founders but stranger things could happen.

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