5 ms·
If their revenue projections are accurate, then $10bb is not that crazy. They also have 200 million users and each user has some value - though I have no idea
by bkbleikamp 17y ago
If their revenue projections are accurate, then $10bb is not that crazy. They also have 200 million users and each user has some value - though I have no idea what it is.
And I know people will say "but they're not accurate with their projections." If you were projecting revenue or growth for your start up you'd be saying the same things Facebook says to their investors, showing the numbers that make your case. You cannot blame them for the valuation when investors seem to agree. No one is forcing them to invest.
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- teej 17y agoDo you have statistics to back that theory up?
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- edmccaffrey 17y agoMore like people across the world knocking on their door to invest. The Russian investors simply gave them the best offer.
- teej 17y agoWho cares what country it comes from? DST is a fairly large ($1B) internet holdings company that practically -owns- the Russian-language web. This isn't exactly the KGB, these guys have been very successful and probably know their stuff when it comes to Russian speaking markets.
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- wheels 17y agoI think you're misunderstanding the way that rounds work. This is a Series D – and they're not even getting an executive seat – and this was just 2% of their stock. This was an all money is green round, not "give us advice and your rolodex." If the people that offer you the best deal at that point happen to be Russian, why wouldn't you take it? They're pumping up for an IPO at which point they'll naturally be selling stock to whoever is willing to pay.
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