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I’m referring to their last valuation of $400m in 2017. The company hasn’t hockeysticked since then, by any measure (e.g. App Store rank), so I think we can ded
by randomacct3847 8y ago
I’m referring to their last valuation of $400m in 2017. The company hasn’t hockeysticked since then, by any measure (e.g. App Store rank), so I think we can deduce the sale price was likely well below $1b, maybe 500m at very best but guessing lower. Factoring liquidation preferences for VCs and you get a small pie for most people involved.
- krn 8y ago> Factoring liquidation preferences for VCs and you get a small pie for most people involved. Let's say HotelTonight was acquired for $500 mln. How much of that the founders could get at most based on the last valuation?
- randomacct3847 8y agoI don’t know what the terms are or how much the CEO/founder has. Assuming a 2x liquidation preference there would be $240m left after investors take their share. If the CEO has 5% then that’s $12m.