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$100m in value? With $12m in revenue (double from the previous year!), they are pretty close to being a $100m company NOW.
by webwright 15y ago
$100m in value? With $12m in revenue (double from the previous year!), they are pretty close to being a $100m company NOW.
- suking 15y agoRevenue - if their post is around $85 they need to get to $500mm+ to be a home run the VCs want. That will require a HUGE amount of revenue, most likely $100+.
- randfish 15y agoThis is a good point. One interesting thing we found with the more growth-focused funds (and the growth-focused parts of traditional VCs) is that at high valuations and high dollar amounts in, they tend to look for 3-5X returns, rather than 10X. This was a big difference from the 2009 raise we attempted, when everyone was asking that question "how do you get us 10X our money?" vs. 2011, when it was "does this have a 95% chance of getting us 3X+ our money?"
- suking 15y agoYou don't have to name names, but I'd put $ on this being RRE :-).
- rumpelstiltskin 15y agoAnd RRE is an abbreviation of?
- suking 15y agoIt's a VC firm.
- deleted 15y ago[deleted]
- drusenko 15y agoThat's our experience with quite a few growth firms as well. They're not looking for 10x, they say they want 5x but a high probability for 3x would still be great.
- Hisoka 15y agoit's all based on growth though. They think the chance for growth is slowing down