3 ms·

It doesn't, valuation has little to do with amount raised.

• debacle 14y ago
  That's nonsensical. If you raise 1.1m, and the investors get 10% stake, then your valuation is 11m.
  • webwright 14y ago
    No, it's not nonsensical (aside: not a particularly polite way to disagree). It's not entirely clear that this is a priced round. Even if it was, Jamie is right-- they could have raised that money selling anywhere from 10% to 50% of their company.
  • metabrew 14y ago
    It's not that simple. Could have been a convertible loan, which defers setting a valuation.