4 ms·
The article alludes to $169.5M raised at a pre-money valuation of $150M. I'm not sure I've ever seen a round like this take over 50%. Who knows what the future
by bkanber 9y ago
The article alludes to $169.5M raised at a pre-money valuation of $150M. I'm not sure I've ever seen a round like this take over 50%. Who knows what the future of the company will be, but one thing is for sure: it's completely investor-controlled now.
- submeta 9y agoWasn't the valuation at more than 700 million some time ago? What are all the consequences of dropping the valuation from 700m to 150m? Any ideas?
- bkanber 9y agoDilution as usual. The last investors, whom I believe invested at a higher valuation, have had their liquidation reduced. The founder shares are probably highly diluted; I can't imagine the founders owning more than 10% combined.