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"In July 2014, Trello spins off from Fog Creek and becomes Trello, Inc. naming Fog Creek co-founder Michael Pryor as its CEO. The company raises $10.3 million i
by nodesocket 10y ago
"In July 2014, Trello spins off from Fog Creek and becomes Trello, Inc. naming Fog Creek co-founder Michael Pryor as its CEO. The company raises $10.3 million in a Series A round of funding led by Spark Capital and Index Ventures."
Spark Calital and Index Ventures must have gotten a nice huge return, Trello only raised $10 million.
- jessmartin 10y agoAll depends on what valuation they got in at. Trello was pretty well on it's way by July '14, so it's possible the valuation was already pretty high. Even so, I bet it was a 3-5x multiple, at least.
- nodesocket 10y agoAssuming a $50 million valuation at the time of investment, quick back of the napkin is 8x return right?