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We went public having raised $6 million total, at a valuation of $72 million, which was was four times revenue. Before the lockup period ended, we were valued a
by 001sky 13y ago
We went public having raised $6 million total, at a valuation of $72 million, which was was four times revenue. Before the lockup period ended, we were valued at $150 million. People did very well on their investments, but the point being that we started a major company on $6 million....Let’s fast-forward 30 years, and calculating for the rate of inflation, that $6 million equates to about $24 million. How many companies get started today from founding to the point of liquidity for $24 million? Not many.