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"So a $50 million deal at any price wouldn’t lose money unless Foursquare winds up being worth less than $70 million." I'm just in awe this was written.
by acgourley 15y ago
"So a $50 million deal at any price wouldn’t lose money unless Foursquare winds up being worth less than $70 million."
I'm just in awe this was written.
- alain94040 15y agoYou just discovered one of the great secrets of VC preference and crazy valuations. If the startup guarantees to pay me back my investement plus some, then I don't care to announce that I invest at a valuation of $10B. In agreeing to such a high (and flashy) valuation, I give up on extra upside, but if my goal is 2X, then I don't actually care.
- revorad 15y agoI don't think any VC's goal is 2X, especially not for one of the most promising startups.