4 ms·
These numbers make sense to me. What I wonder though is if Snap goes the way of Twitter and winds up halving in valuation by the lockup period expiration. Is
by econner 10y ago
These numbers make sense to me. What I wonder though is if Snap goes the way of Twitter and winds up halving in valuation by the lockup period expiration. Is it still $1 million per basis point? Or will ratchets kick in that further dilute employees and drive the value down?
- harryh 10y agoAny unusual financing terms almost always get resolved at the time of exit/ipo. Also, again, my understanding is that Snap had very clean financing rounds so this isn't a big concern here to begin with.
- hkmurakami 10y agoAll the preferred shares convert to common at IPO so no.