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The terms weren't disclosed.

The $1.7M investment was a seed round (in Oct 2013), with lots of individuals putting money in[1]. If it were bought for say $20M (who knows?) then I'm pretty sure those seed investors would be happy with their 5x to 10x returns (depending on liquidation preferences) in 6 months.

If it were bought for $5M, then not so much. But if it was only $5M on the table I doubt they would have sold that quickly.

[1] http://techcrunch.com/2013/10/24/cover-android/



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