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OTOH, if an investor bought 0.5M shares at $x, and then said "but I want MORE shares", AirBnB could reasonably insist on a higher valuation for the next 0.5M, s
by gohrt 13y ago
OTOH, if an investor bought 0.5M shares at $x, and then said "but I want MORE shares", AirBnB could reasonably insist on a higher valuation for the next 0.5M, since the buy-side excitement is so high.
Supply vs Demand is tricky....