Get our top stories

follow gawker

Investors in Parakey, a hot startup founded by Firefox creators Blake Ross and Joe Hewitt, were paid in cash, not shares, when Facebook bought the company. While they doubled their money in the $4 million sale, the cash payout means they were shut out of Facebook's future growth, which has left some of them quietly grumbling. [TechCrunch]

Contact Owen Thomas:
Discussion Threads
Follow parakey on Gawker
Tomorrow's News
More Stories…