There's a difference between money management and selling $20 million worth of a company you started and know all the intimate details of. Do some of these guys get crazy and just sell out of spite? Sure. Is $20 million a huge dent to him? No. But $20 million is $20 million and if he thought he could get a better price down the road he would have waited.
Is it just me or do these dips every time Google farts yet not once has it truly impacted traffic? The partnerships and exposure at point of sale (Walgreens as example of the first such relationship) seem to be better indicators of growth and WebMD.com is actually very well positioned in search results today. Time will tell of course but this would appear to be a buying opp for something unlikely to have marginal impact on anything WebMD does related to revs and pharma/consumer goods desire to have eyeballs
Yes, for immediate funding that's true. $1 million provides more runway. The back end of the deal is where it could get interesting for them. Of course more partnerships in the meantime would be nice. This will be a long term play unless someone wants to come in and takeover for the technology.
From the release: Under the terms of the agreement, Enumeral will receive an upfront payment of $250K, a $750K maintenance fee on May 31, up to $37.8M in development milestones, sales milestones up to $67.5M and low-to-lower-middle single-digit royalties on net sales.