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SocialCam's sale deflates social video sector
- YuriNiyazov 14y agoWhat are the Pandodaily writers smoking? SocialCam raised probably somewhere around 2 million (seems to be the normal 'seed' round nowadays) in April (that's what Crunchbase says) and sold for $60 million. That's a 30-fold return in 4 months.
- deleted 14y ago[deleted]
- therealarmen 14y agoYour math is wrong. You're assuming they raised at a $2 million valuation. If they raised equity funding at a valuation above $60 million (which is likely since Viddy raised at $350M+) then the investors lost money.