If This Report Is True, LivingSocial Is In Far Worse Shape Than We Thought - SFGate
www.sfgate.com/technology/businessinsider/article/If-This-Report-Is-True-LivingSocial-Is-In-Far-4297348.php
From the page
Saved with the link. Notes from 2007 to 2016 are mostly the page's own words, so this is probably an excerpt.
According to the PrivCo report, the new infusion of cash essentially wipes out founders, employees, and executives who hold common shares or options. It also reprices earlier investment rounds, making the $823 million Amazon and others had previously put in essentiallyworthless.