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I read it as they sold for 5x their seed valuation, which is typically at least a few million, and is occasionally as high as $15M.
by ericd 9y ago
I read it as they sold for 5x their seed valuation, which is typically at least a few million, and is occasionally as high as $15M.
- exogeny 9y agoYes, this is correct; we returned 5x the value to our investors. Apologies for the inelegant wording.