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$35M being meh is peak HN here. Me not being from US, getting $100k was golden cufs that took many years to break even when I did not enjoy my work.

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$35 million is how much they raised. If they were purchased for $111 million that means that after the investors are paid off their principal there is $76 million left. There are 70 employees, the original investors probably made some profit on their initial investment, so split that remaining $76 million among everyone and none of the employees left super rich from this deal except maybe the founders.

If they raised $35million, you're not accounting that venture funding especially at this scale is preferred shares.

This means that the vc money requires 7-9% per year payback on liquidity event until any other equity gets any money.

This means you're likely subtracting 1-3 million per year from other equity holders based on $35mn raised

> none of the employees left super rich from this deal except maybe the founders

You could say that about 99.9(9?)% of startup exits.

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