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45M at 3.2B valuation? Who's drinking that koolaid? EDIT FTFA >>>The funding, which Retool has described to me as a Series C2, is coming from Sequoia Capital,
by uptownfunk 4y ago
45M at 3.2B valuation? Who's drinking that koolaid?
EDIT FTFA
>>>The funding, which Retool has described to me as a Series C2, is coming from Sequoia Capital, Stripe co-founders John and Patrick Collison, GitHub’s former CEO Nat Friedman, Elad Gil, Daniel Gross and Caryn Marooney, the former VP of Comms at Facebook who is now a partner at Coatue. All are previous investors in the company. The round comes on the heels of the company raising a more modest $20 million Series C in December 2021 (which valued it at $1.85 billion).
- hinkley 4y ago1.4% of shares. As I said in another thread, where the valuation was based on 4.7%, it’s one thing to do an evaluation on a 10% sale. I think we should be couching anything under N% with a pound of salt, and looking askance at anything under 2N%. I don’t know what N should be. People seem to generally accept its < 10, possibly < 5. But at N=1 it’s definitely too small of a sample size.