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For an astute investor it matters even if global expansion is on cards in the future.
by sremani 4y ago
For an astute investor it matters even if global expansion is on cards in the future.
- rwmj 4y agoI'm not a VC so I don't really know, but it seems that a valuation of 0.1% of the size of the economy of Pakistan isn't that relevant if the company could have sold into even just India or Arab countries, and would be completely irrelevant if they could eventually expand worldwide.
- sremani 4y agoThere are no natural advantages for Pakistani firm over other when it comes to global expansion. On top of it, this is a start-up with almost all operations in Pakistan. I am not VC either, but even I know that you have to size the market before making a valuation. If these investors baked in the international expansion in valuation, they got what they deserved.