2 ms·
It's true these are estimates. But they don't seem unrealistic to me. Take KiwiCo - I'd never heard of it. They raised $11.5M, and 2018 were profitable, debt f
by nl 6y ago
It's true these are estimates. But they don't seem unrealistic to me.
Take KiwiCo - I'd never heard of it. They raised $11.5M, and 2018 were profitable, debt free and making over $100M/year revenue[1]. That's high growth and profits (a great mix), so assuming she got in during that early round, a 30x return seems very achievable.
[1] https://www.inc.com/christine-lagorio-chafkin/kiwico-is-the-subscription-box-company-to-beat.html https://www.inc.com/christine-lagorio-chafkin/kiwico-is-the-...