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Irrelevant to what? One could argue what the thesis or purpose of this piece might be, but the call to action seems to be this part: “If you’re interested in
by elefanten 4y ago
Irrelevant to what?
One could argue what the thesis or purpose of this piece might be, but the call to action seems to be this part:
“If you’re interested in supporting, joining, or investing in a company founded by Uber alumni or you’d just like to learn more, full details are below”
If you want to support, join or invest in someone on the basis of them being an Uber alumnus, you may want to know how much value was created by other alumni. The more sustainable (and, ideally, appreciating) that value is, the more likely you are to actually get to enjoy it.
- HWR_14 4y agoBut my point was, it doesn't matter what "delta since IPO" was. If Bird had an IPO by selling a single share at $200, then dropped to $20, it lost 90% of it's value. But it would still be a billion dollar company. Paying attention to what they are worth now seems more important than what they are worth relative to a random date. "If they were raising money at 1% of their IPO value a month before, then IPO'd and then went down to 10% of their IPO value, it's a win." "Bird raised at a 10MM valuation, IPOed at a 1 billion valuation and settled at a 100MM valuation" says the same thing in a clearer way and lets you know who got screwed (people who bought IPO shares). And for employees, Bird stayed (close enough to) its IPO price for the 6 month lockups to expire and everyone to sell. In fact, it was at around 7 months in that the stock started tanking.