Couple of interesting bits: So Sequoia Capital had done a 20 million series B into Green Dot Corporation ( now GreenDotBank ) followed by a private equity investment according to public records. By the acquisition time the initial funding of Green Dot was recorded as total of 33 million dollars.
Now it happens Sequoia Capital was also a VC for Loopt, and had put at least 17 million dollars into Loopt, also according to public records.
The deal was 43 million in cash! including 10 million dollars for employee retention of Loopt employees.
Now such a good deal, is what I call the definition of success. And how to close one of these would be a blog worth writing...
Official announcement (2012): "https://ir.greendot.com/news-releases/news-release-details/g..."
Couple of interesting bits: So Sequoia Capital had done a 20 million series B into Green Dot Corporation ( now GreenDotBank ) followed by a private equity investment according to public records. By the acquisition time the initial funding of Green Dot was recorded as total of 33 million dollars.
Now it happens Sequoia Capital was also a VC for Loopt, and had put at least 17 million dollars into Loopt, also according to public records.
The deal was 43 million in cash! including 10 million dollars for employee retention of Loopt employees.
Now such a good deal, is what I call the definition of success. And how to close one of these would be a blog worth writing...