"Matt aren't you missing Matt Maroon's (obvious) point that Xobni could not sell even if the founders wanted to. Xobni did a VC round at around $10m post, how could they sell for only $20m?
Either way, I wouldn't consider them that ballsy, if you have done a $5m round and are doing really well by many measure why would you settle for a $20m exit? I am sure they pay themselves more than enough to live happily." - Immad Akhund
