Due rejected a multi-million-dollar acquisition offer weeks after launch
John Rampton · My Goal is To Put Them Out of Business (Paypal, Venmo). Will He Win? EP 262: John Rampton · Jun 6, 2016 · at 9:21
John Rampton, founder of payments startup Due, discusses turning down early acquisition interest in a conversation with Nathan Latka.
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“Like we've already had like one company approach us and be like, Hey, you know, would you guys be interested in selling them? You know, can you know, seriously go down that road to the point where they were making serious offers. I mean, they gave us a lawyer term sheet being like, here you go. Here's what we'll pay for it. Nathan Latka: What they offer. John Rampton: It was in the multi-millions.”
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