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They raised $196 million round in 2007 from Sequoia Capital, General Catalyst Partners and Accel Partners. That stake is now worth $254 million for General Cat
by Matt_Mickiewicz 14y ago
They raised $196 million round in 2007 from Sequoia Capital, General Catalyst Partners and Accel Partners.
That stake is now worth $254 million for General Catalyst. Sequoia Capital's stake is $150 million. Accel's investment is now worth $120 million.
... that's $524 million on a $196 million investment, after 5 years. Hardly spectacular.
- deleted 14y ago[deleted]
- emmett 14y agoIt's about 25% annualized returns for 5 years. Spectacular if it were risk-free. Depending on how much risk you think they were taking on at that stage (probably not much, given how proven out the model was) it's still very good returns. Late stage venture capital does not seek the kind of 1000x returns that early stage does.