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> You’d be shocked to learn how many companies raising money at a billion-dollar valuation are doing so with financials that have never been checked/audited by
by pfarnsworth 10y ago
> You’d be shocked to learn how many companies raising money at a billion-dollar valuation are doing so with financials that have never been checked/audited by a third-party.
I would love to hear examples. Otherwise I'm calling bullshit on this one.
- venantius 10y agoIndeed. A 409A valuation should be being done by an independent auditor at each fundraising step, and most investors will only invest if they know the auditor is independent.
- flylib 10y agohe was a GP at a top 3 VC firm in the world (Benchmark) recently and is an advisor to Uber and a lot of other companies...
- epa 10y agoA billion may be a stretch but 500M for sure. You'd be surprised and obviously examples are confidential.