4 ms·
Their revenue in September was $318k/yr, what is it today? Let’s say it’s $600k? $1M? $40M is a really high valuation for that revenue, I’d not have invested ei
by berkle4455 3y ago
Their revenue in September was $318k/yr, what is it today? Let’s say it’s $600k? $1M? $40M is a really high valuation for that revenue, I’d not have invested either. It’s not 2021 anymore.
- jefftk 3y ago$40M is the valuation cap, not the valuation. When you raise money with an SAFE, you are postponing the negotiation about how much your company is worth. It could easily convert at well under $40M depending on how well they are doing when they next raise.
- JumpCrisscross 3y ago$40mm cap when you’re going out to retail investors is a bit of a joke. Something is rotten here.