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oh right, I'm sure Kevin Systrom had a hard time deciding on taking the offer because of the price. Considering that he just had valuation of 500mm, and no curr
by heifetz 14y ago
oh right, I'm sure Kevin Systrom had a hard time deciding on taking the offer because of the price. Considering that he just had valuation of 500mm, and no current revenues. It's hard to see how anyone can justify a high probable scenario where they will do an IPO in the future for much higher valuation than what they just got.
- padobson 14y agoVenture Capital is a game shooting for the 10x. To get the 500mm valuation, Instagram had to convince its investors that a $5B exit was a possibility. So a lot of smart people were able to justify a higher valuation than what they just got.