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I was fundraising last year for the company I work at and one of the investors asked me if I'd consider doing XYZ. I said, well that would put our share price t
by neom 9y ago
I was fundraising last year for the company I work at and one of the investors asked me if I'd consider doing XYZ. I said, well that would put our share price to such that you would create a massive valuation on the business, so no. They seemed confused and said but wouldn't you want to make the company that valuable. I smiled and ended the meeting. What they wanted would introduce an enormous amount of risk to the business because Valuation != valuable. I would imagine this type of conversation is how founders end up on that list. I think our business is great, but I'm not delusional.
- gogopuppygogo 9y agoWas this DO you were fundraising for? I would think sky high valuation for something that large would be exactly what founders want.
- neom 9y agoNo, fundraising for DO wasn't like I've ever seen before as the revenue growth and customer growth was straight up and to the right when I joined (~employee 15). This was for the startup I founded after I left DO: https://techcrunch.com/2017/05/24/stae-helps-cities-take-advantage-of-their-data/ https://techcrunch.com/2017/05/24/stae-helps-cities-take-adv...