5 ms·

Bed Bath and Beyond Paid Just $12M for One Kings Lane

• astrodust 10y ago
  $800M invested and it's sold for $12M. What a rate of return!
  • zaatar 10y ago
    Crunchbase says $225M [1], where are you getting the $800M number from? [1] https://www.crunchbase.com/organization/one-kings-lane https://www.crunchbase.com/organization/one-kings-lane
    • josephmx 10y ago
      From the OP Fortune article: Its final outside funding round came in early 2014, at a post-money valuation north of $800 million.
      • ctvo 10y ago
        Valuation != invested
        • josephmx 10y ago
          Good point, I missed that
        • astrodust 10y ago
          It does mean someone bought in at a $800M valuation and now it's valued at $12M. The rate of return is apocalyptically bad. Hell, setting fire to a giant pile of money would probably leave $12M in bills mostly untouched, or at least in a condition you could take to the bank.