I wonder how long the VCs want to wait. Can VCs take over and sell the company o... | Hacker News

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		formvoltron on June 29, 2022 \| parent \| context \| favorite \| on: Substack is laying off 14% of its staff I wonder how long the VCs want to wait. Can VCs take over and sell the company off to try & recoup their investment?

gkoberger on June 29, 2022 [–]

Very unlikely. They probably don't have the voting shares, and in this market they definitely don't have the buyer. And lastly, don't forget, every single VC involved in this valuation supported the numbers you're reading.

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