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The other related question is: Is the multiplier "efficient"? In other words, if they took funding and HQ'ed in the Valley, say they would've had to dilute the
by webwright 15y ago
The other related question is: Is the multiplier "efficient"? In other words, if they took funding and HQ'ed in the Valley, say they would've had to dilute the founders from 33% to 23%. They'd also have a much bigger expense line around real estate and salaries. Would the Valley premium more than make up for all of that? I suspect that it would.