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0 pointsEridrus3mo ago0 comments

I'm well aware of dual class shares, but preferences are typically 1x, and none of the deals were for less than the amount raised, so they're not relevant here.

The fact that these are not really acquisitions doesn't change the fact that Groq the entity now has $20b.

0 comments

depr3mo ago

Groq doesn't keep that money, it goes to VCs. They claim the company is "pivoting", not "selling" and avoid the payout trigger.

badestrand3mo ago

Money can't just "go" somewhere, it needs a reason first, at least for book-keeping. I mean, VCs can get their invested capital back but on top of that, how would that money be transfered? $20B is a lot and for sure the VCs will not just write an invoice of $18B for consulting services.

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0 pointsEridrus3mo ago0 comments

I'm well aware of dual class shares, but preferences are typically 1x, and none of the deals were for less than the amount raised, so they're not relevant here.

The fact that these are not really acquisitions doesn't change the fact that Groq the entity now has $20b.

0 comments

depr3mo ago

Groq doesn't keep that money, it goes to VCs. They claim the company is "pivoting", not "selling" and avoid the payout trigger.

badestrand3mo ago

j / k navigate · click thread line to collapse