Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Considering they didn't even manage to seal the deals, where did all the money go?


From what I understand, a lot of the raised money was for the advances required by the various labels in order to close the deals so I'd imagine a lot of money was returned to investors once it was clear the deals wern't going ahead.

There's a bit more on the story here: http://musically.com/2011/12/31/beyond-oblivion-shuts-down-b...


They spent on a large center code test - multiple recruitings over many months - of which myself and some coworkers participated. Not sure that I can say much more about it due to NDAs.


Aeron chairs!


Executive and contractor pockets, though they probably didn't get the whole $77MM, as that kind of thing tends to be doled out via milestones. Still not chump change all told, I imagine.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: