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... mpany, based on its market value today.
If they had retained that 5% share, even after two rounds of dilution, it would still be valued at over 700 million US dollars.
Unfortunately, Mayfield had jumped ship before the third round of financing.
At that time, Bit Company was involved in a lawsuit with Bell and AT&T.
Glenn Miller pessimistically believed that a startup like Bit could not compete with AT&T, which monopolized the telecommunications industry. < ...
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