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I thought you were kidding but World Labs really did raise $230M after being founded less than 1 year ago. Andreessen Horowitz too. What would have to be true
by bko 2y ago
I thought you were kidding but World Labs really did raise $230M after being founded less than 1 year ago. Andreessen Horowitz too.
What would have to be true for this to be worth $100 billion after 5-10 years?
https://www.crunchbase.com/organization/world-labs https://www.crunchbase.com/organization/world-labs
- whiplash451 2y agoDoesn't have to be 100 billions. They probably raised at a few billion valuation -- which I do agree is still a lot
- xnx 2y agoI don't know enough about venture funding. Did $230M really get transferred into World Labs bank account, or is this a "commitment" of $230M which is trickled out a few million at a time?
- whiplash451 2y agoPart of it is often dedicated to compute through credit commitments at Azure/Google/AWS. Probably not all is cash and available at t0. That money will go fast though, given GPU costs and salary ranges in the bay
- corysama 2y agoThe general theme is... Before: You and your cofounders share 100% of the stock in your company that's valued at $X. After: Your company now has everything it had before plus $Y worth of "something" from the VCs. Your company is now valued at $X plus $Y. The VCs now hold stock in your company worth $Y. You and your cofounders still hold stock your company worth $X. "Something" might be anything. Cash, stocks, commitments to resources, whatever.