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>A snapshot at that time could be used to argue they paid Neumann $x00 million to realise a multi-Billion dollar valuation and $1Bn+ growth in market cap. This
by itsoktocry 3y ago
>A snapshot at that time could be used to argue they paid Neumann $x00 million to realise a multi-Billion dollar valuation and $1Bn+ growth in market cap.
This makes no sense to me.
Why would you pay hundreds of millions of dollars to someone for a paper valuation and market cap? It was all meaningless.
- ethbr0 3y agoLiquidity. It's the difference between initial equity holders being able to sell and not.
- JacobAldridge 3y agoNot meaningless, just temporary in a way they didn’t forecast. Imagine you could buy a house for $200,000, live in it for a year, and then sell it for $1M. Would you take that deal, even if you didn’t like the seller?