I never used Hunch much, and I'm not sure if an 80 million exit with 20 million in VC funding is so great for the founders, but I suppose it gives eBay a footing in NYC - that's the part of the article I found most interesting.
15 million a piece. I don't know how long they were working on it but the very top billed actors tend to make, what, 20 million for movies that take ~3 years to make.
So you assume the VC's only scored a 1x on this deal and had no special treatment for their preferred shares such as accrued dividends, liquidity preference, participating preferred, etc?
Most top actors spend 3-4 months on average per film. It's a scheduling things where you need a lot of people to film a movie some of which have offers for 3-4 movies that year. So people are working 12 hour days in one short burst and a lot of time in editing / post production but there is a ticking clock because investors want their money back ASAP. Reproduction can be slow simply because there is not a lot of money involved in the project yet.
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I never used Hunch much, and I'm not sure if an 80 million exit with 20 million in VC funding is so great for the founders, but I suppose it gives eBay a footing in NYC - that's the part of the article I found most interesting.
15 million a piece. I don't know how long they were working on it but the very top billed actors tend to make, what, 20 million for movies that take ~3 years to make.
So you assume the VC's only scored a 1x on this deal and had no special treatment for their preferred shares such as accrued dividends, liquidity preference, participating preferred, etc?
I went by what the GP said.
Most top actors spend 3-4 months on average per film. It's a scheduling things where you need a lot of people to film a movie some of which have offers for 3-4 movies that year. So people are working 12 hour days in one short burst and a lot of time in editing / post production but there is a ticking clock because investors want their money back ASAP. Reproduction can be slow simply because there is not a lot of money involved in the project yet.
Top billed actors have an excellent chance of making their full rate on an average movie.
Founders have an excellent chance of making nothing on an average startup.
So what do they need to make exactly? For me, anything beyond FU money is pretty much irrelevant.