5 ms·

Any source for the valuation number? Article does not mention.

• wdh505 2y ago
  Usually it is a proportion. 100k for 10% of the company is a 1M valuation
  • lionkor 2y ago
    Yes but that does not explain why better text prediction is worth $6B to these people
    • JumpCrisscross 2y ago
      > that does not explain why better text prediction is worth $6B to these people Same reason Cohere has a weirdly-high valuation relative to revenue: it's a national champion.
  • underyx 2y ago
    Any source for the 10% number?
    • sodality2 2y ago
      That sounds like an example to demonstrate the concept
      • zandroid 2y ago
        Any source for that is an example?
        • sodality2 2y ago
          If someone pays 100k for 10%, the valuation is 100k * 10 = 1M. There’s not really a source for that, that’s just how market valuations work
      • underyx 2y ago
        Oh, well that didn’t answer my original question at all then.
    • esafak 2y ago
      https://www.saas-capital.com/blog-posts/private-saas-company-valuations-multiples/ https://www.saas-capital.com/blog-posts/private-saas-company... edit: If you're that curious just call Hemant up and ask him yourself?
      • underyx 2y ago
        This does not mention Mistral at all. Are all replies to me in this thread from LLM agents?
        • deleted 2y ago
          [deleted]
    • swyx 2y ago
      https://www.ft.com/content/7a70a8a6-4a2a-47c5-8483-d0b829f32ae6 https://www.ft.com/content/7a70a8a6-4a2a-47c5-8483-d0b829f32...
• trybackprop 2y ago
  Here are three sources: Mistral AI employee: https://x.com/dchaplot/status/1800601722722935153 https://x.com/dchaplot/status/1800601722722935153 TechCrunch: https://techcrunch.com/2024/06/11/paris-based-ai-startup-mistral-ai-raises-640-million/ https://techcrunch.com/2024/06/11/paris-based-ai-startup-mis... Wall Street Journal: https://www.wsj.com/tech/ai/french-startup-mistral-ai-raises-650-million-in-bid-to-scale-up-22899937 https://www.wsj.com/tech/ai/french-startup-mistral-ai-raises...