3 ms·
Wasn'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?
by submeta 9y ago
Wasn'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.