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That makes a lot of sense. However, a home run would be the highest value possible. With an aging service so deeply rooted in an online community (which are i
by RBr 16y ago
That makes a lot of sense. However, a home run would be the highest value possible.
With an aging service so deeply rooted in an online community (which are inherently fickle), a 2x value price would seem reasonable if not generous. I have to think that investing in community centered services is a fast game where smart investors get in early and out while the community is still engaged.
Then again, everyone needs more yachts to water ski behind.
- ojbyrne 16y agoIf it was the offer I think it was, it was significantly higher than 2x, because it was before the Series B (so roughly 5 million invested thus far).
- johnrob 16y agoIf there is a non zero chance of a higher exit, no matter how small the odds, the VCs will take it. Thus 80 million is not the home run exit.