Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
tptacek
on June 5, 2011
|
parent
|
context
|
favorite
| on:
On Grouponzi
The new investor money was overtly premised on paying old investors. The new investors were buying the risk from the old investors, who had just been asked to turn down $6bn. I think you're oversimplifying a bit.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search: