Your linked post shows they raised 12.5 million?
replyBut it's also possible they haven't spent much of that money.
The investors don't need to be happy. They just need to be made whole (assuming they have a minority control).
It could literally be that only $2m ever got spent and that's been paid back.
It could also be that when literally nobody said they would pay for Vite+ the investors and team in general lost confidence and were actually very happy just to get their money back and pivot into this acquisition.
I could see Cloudflare wanting them for 50 Million. Cloudflare recent acquisitions have clearly been "buy tools with heavy lock in" and companies shipping on Void are likely heavily locked in.
replyIsn't their revenue just sponsorships and donations? This seems like a company destined to scrape by despite their popularity, like Tailwind. You don't get $50 million for that.
replyvoid.cloud was their revenue plan, but it was still in private beta at this point.
replyPresumably being able to influence their roadmap is worth it
replyPresumably that $12M A was around $50M Val so they need to sell for substantially more to give investors a multiple return.
replyUnless the investors have liquidation preference where they see their multiple before anyone else sees a dime.
replyThey will easily have exceeded $50m.
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