4 ms·
> at a valuation of $70B. > it is a very early stage startup. One of these does not fit.
by rkk3 4y ago
> at a valuation of $70B.
> it is a very early stage startup.
One of these does not fit.
- unstatusthequo 4y agoMaybe that B is an M?
- rkk3 4y agoCould be but with 607.5MM shares outstanding, that 10k full vest would have a FMV of of a few hundred dollars - they wouldn't even need to give options
- imheretolearn 4y agoNope, it is a B
- nknealk 4y agoRaising 17M dollars at a 70B valuation is insane for an early stage company. Assume the shares are worthless. Consider avoiding the company all together because whoever is at the top has no clue how finance works. At 70M the calculus is much different.
- rkk3 4y agoWell then the information you shared strains credulity, facts seems inconsistent & extremely odd- Why is a 17MM financing even worth mentioning if its worth 70B? And there are only a handful of companies even in that ballpark https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies https://en.wikipedia.org/wiki/List_of_unicorn_startup_compan...