We don't know if they ever agreed to a break-up fee.
Shit happens. Move on. And it looks like Bnter did, with this post which will likely resolve their financing problem.
Nothing weird or classless about business as recommended.
One that wasn't contractually obligated? I'd be shocked if they got it.
The VC and angel world are tiny and it all revolves around reputation and trust. The negative perception is going to cost Spark a lot more than the breakup fee. I'm shocked that they DIDN'T get it.
Though, $200,000 on a $2 million raise is a bit high for break up fee I think.
exactly.
I'd imagine they won't be getting any deals with those angels though. Part of the point of the fee, maybe.