Ya although $162M is not that much, barely a mark-up from the last round
Well it's a 50% stock deal and Cloudflare's stock is a tad down from their high, too.
The whole SAAS sector have gotten killed lately. If Area 1 wanted an public exit via IPO they'd probably have received the same reduction in valuation. It's an odd time for an exit with how the market has been.
Total funding for Area 1 according to Crunchbase is $82M. Employees probably got next to nothing except retention bonus from Cloudflare.
Good thing employees get paid a salary
Hi friend, we probably run in similar circles. I know everyone seems pretty happy with it being Cloudflare as the acquirer vs some of the others ;).