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> a purchase for $30m may have been announced. I was wild-guessing around the same ballpark too. Here is some simple math I was thinking: $3M round (a year a
by webtechgal 10y ago
> a purchase for $30m may have been announced.
I was wild-guessing around the same ballpark too.
Here is some simple math I was thinking:
$3M round (a year ago) would have valued them around $10M.
Since then, then would probably have doubled or tripled their valuation, getting them to $20M to 30M at this point.
- ben_jones 10y agoWhy does a $3M round automatically mean a doubling or tripling of their valuation after the fact? Doesn't it matter what they DID with the money? Is it just assumed their sales doubled or tripled and that they hired the right people?