3 ms·
yes, but some big milestones have to be achieved for a 8x time increase.
by elmar 9y ago
yes, but some big milestones have to be achieved for a 8x time increase.
- pookeh 9y agoPublicity can happen in 2 weeks. It's like a land was up for sale. You buy it at x, dig it a bit to see it's covered with gold then put it back on sale for 8x. (Of course you may be fooling everyone that it's covered with gold but it's really not.)
- kobeya 9y agoNot really, no. "Follow-on rounds" are a thing. Usually with rounds more like 2x the valuation than 8x, but still. The last company I was at went out and raised 3x as much at 2x the valuation Series B while the ink was drying on the Series A. There was demand, so why not?
- saalweachter 9y agoHell, if nothing else the company is cash rich after the first round and less desperate for funding. You need a better offer just to convince them to dilute themselves further when they don't really need to.
- rficcaglia 9y agofirst hand knowledge that is does happen without any milestone completion or even Public PR. it's VC-VC FOMO. it is a real thing.