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I think it'll have a moderately successful exit (i.e. it'll get acquired for more than $41MM).
by stevenj 16y ago
I think it'll have a moderately successful exit (i.e. it'll get acquired for more than $41MM).
- bhousel 16y agoAgreed.. Furthermore I think the whole purpose of this company is to get acquired by Facebook prior to their 2012 IPO (possibly trying to get Microsoft, Apple, Google into a bidding war). We'll see if I'm right. These are smart and well-connected founders and investors who know what they're doing.
- mayukh 16y agoYou realize that taking 41 mm raises the bar substantially on the exit price right? Conservatively speaking if 41 mm represents 49% of the company its being valued at 82 mm. Thats the first round. Should they need to go back to the funding trough again the value is going to go up even further. With the standard requirement that investors be paid back first (liquidation preference), I don't think the investors and founders are looking at an early exit (< 2 years) any time soon.