4 ms·

*10 billion back.

• yewenjie 4y ago
  How is that realistic? If they expect to get 10 billion in 10 years, they need to have 100 million paying users (if they charge $10 per user per year), which is like the entire active users count of StackOverflow - https://en.wikipedia.org/wiki/List_of_social_platforms_with_at_least_100_million_active_users https://en.wikipedia.org/wiki/List_of_social_platforms_with_...
  • CryptoBanker 4y ago
    Getting money back has nothing to do with revenue. It just means the VC was able to sell their shares for that 10 billion -a price which may or may not be related to the company’s actual fiscal performance
  • ctvo 4y ago
    Or they launch entirely new products, in the same general space, with new pricing structures that aren't tied to their current offerings. They're Okta + 1Password + ... To clarify: I'm not sure I buy the above thesis, but VCs don't expect 2x returns at this stage was my general point. They're aiming for higher.
    • wpietri 4y ago
      For sure. The way I sum it up: VCs are looking for 10-to-1 odds on 100-to-1 gains. It depends on the stage, of course. This is listed as a series B, but feels kinda C-ish to me. Later stage rounds like that are unlikely to be 100-to-1, but I agree the goal is still well over 2-to-1.
  • lotsofpulp 4y ago
    $10B back in equity, not in profits. Depending on government policy and market sentiments, then it may only require keeping a promising trajectory.