Episteme

Mike's random thoughts and ramblings

Counterpane Fire Sale

Everybody is talking today about the Counterpane acquisition. What nobody seems to be talking about is the price and how brutally bad a deal this was for Counterpane.

The speculation has this deal at about $40M USD - this is put in perspective by the fact that Counterpane took in rounds of $20 million and $24 million in just two rounds of venture capital.

It's clear that this was a fire sale of the highest order - it's pretty likely that the employees saw absolutely nothing out of this deal.

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Michael Murray

Michael Murray