4 ms·
Some napkin maths: $3.8M seed round a properly structured round usually costs (12-17%) so ~15% of the company that means Dylan raised at a ~$25M valuation $
by peteforde 4y ago
Some napkin maths:
$3.8M seed round
a properly structured round usually costs (12-17%) so ~15% of the company
that means Dylan raised at a ~$25M valuation
$20B is 800x $25M
So, for every $10k this self-congratulatory cough gave his former intern after their walk, he just made $8M.
Not too shabby, regardless of any emotional context you may project.
- redslazer 4y agoThere would have been dilution at every subsequent round (or additional investments) so that profit per $10,000 is probably 30-50% less than $8mil.