3 ms·
Although, it's "5.6" not 5.6. That 5.6 is a bag holder number. MS put 7.5B real dollars on the table. The VCs putting cash into postman at "5.6" are using heavy
by popcorncowboy 3y ago
Although, it's "5.6" not 5.6. That 5.6 is a bag holder number. MS put 7.5B real dollars on the table. The VCs putting cash into postman at "5.6" are using heavy breathing and hand waving to explain the potential LTV of (apparently) 20m devs to the greater fool.
- ericjmorey 3y ago5.6 is the break even number for the VC fund. And given the the interest rate environment and the time horizon of realizing a return, 5.6 would be an embarrassing loss for the VC fund.