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The big name valley investors got in at 50 cents per FIL in an advisor only pre-raise. The $180mm in the first hour is from your average Joe accredited investor
by berberous 9y ago
The big name valley investors got in at 50 cents per FIL in an advisor only pre-raise. The $180mm in the first hour is from your average Joe accredited investor who bought in at like $2.63 per FIL. The price is now $4.50+ for future investors. If there was a liquid resale market, the SV investors have nearly made 10x already. Of course, they cant resale for a while due to vesting and legal restrictions.