Not in this case, even the CEO would have walked away empty-handed. Too many funding rounds had transpired with ever-increasing multipliers on the liquidation preferences.
Still, I think there's an argument that had he taken the buyout, he personally could have argued that he delivered for the investors and that would have gotten him to round 2.
Still, I think there's an argument that had he taken the buyout, he personally could have argued that he delivered for the investors and that would have gotten him to round 2.