Neato's German partner
Hardly...This VC firm controls the voting stock in Neato.
And I think they only ponied up about $12M, the rest came from placements.
You can bet it will IPO in the billions just like GoPro did.
This VC crap is getting out of control.
A German unicorn invest in a US start up, then sells the non voting company stock to the US public through an IPO, and the overpriced stock ends up in the retirement accounts of working class americans.
And the go forward value of the company ends up in German Pockets.
And a windfall goes into the employees pockets.
Probably one in a thousand understand what I am talking about and that in and of itself is pathetic.
Americans have become so uneducated I don't know that they would get it even if you spelled it out in for them.
If they were smart they would buy an iRobot vacuum simply because iRobot is watched by the SEC (through filings). But even the SEC has fallen pray to the political influence of the unicorn class.
ANYBODY Capiche?