364 karma · joined January 20, 2012
john at www.johncoogan.com
Not possible in the usual 10 year timeframe we consider for Silicon Valley type companies.
Or
Never in a million years, completely violates the laws of physics.
The risk is that one of the later investors had a ratchet or something that would allow them to claim more of the proceeds in a sale. You can't just take $220M cash, subtract $105M in funding and pass that to the founders and employees. The preferred shares were probably "participating" meaning they get a portion of the common.
Here's an example of a ratchet: https://www.forbes.com/sites/petercohan/2015/11/07/unicorn-s...
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"Would also be interesting" and "fun to compare" give no implication of relative difficulty. I would like to see the algorithm though so please post the code if you get it working in JS! That would be awesome!
Stripe wrote this blog post to promote their brand, Balanced let potential customers know that they have similar functionality. Both companies, in my opinion, offer extremely high-quality services (I have used both in production) and have great engineering talent. I do not think we should knock either company for "promoting their brand", it's important that potential customers (read: HN users) are able to make informed decisions. I think zende, pc, and the original blog post all do a good job of articulating the features available through their respective APIs.