2 ms·

I'm astonished that angels would put in $50K at a $2M valuation for a first-time team with a working prototype. That valuation seems waaaay too high to me.

• pg 18y ago
  Yeah, that was another wrong assumption. In this market, probably only around a third of YC-funded startups could get a $2m valuation after YC, let alone before.
• jon_dahl 18y ago
  FWIW, I've seen it happen more than once, and I haven't seen a lot of investment deals.