Mochi Media trapped in tussle between Entrepreneur and Investor
The Fate of fast growing Flash game advertising network and payments platform Mochi Media seems hazard due to an acquisition deal that can investors Accel Partners and Shasta Ventures return their original investments of around $14 million back from the company. Though this is an easy deal to be scrapped away as company is doing well and founders of the company still wish to continue business with hope, one investor, Ping Li from Accel, wants to go away with deal with his secured investments off the table.
This is making founders of the company unrest as they earlier dropped offer of $65 million of Time Warner a year go. At this time, Li declined the offer and convinced other to carry on away with company, this time it is Li himself is for the deal that is just a fraction of $65. And no one knows why Li wish to go for this deal. This is a blazing example of what goes between investors and entrepreneurs and a lesson for entrepreneurs that how venture fund can bring ugly situation for their companies.


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