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I think it's less then that. Pinterest's early days were rough, and I heard that their B or C round was on unfavorable terms just to keep the lights on before
by teej 12y ago
I think it's less then that. Pinterest's early days were rough, and I heard that their B or C round was on unfavorable terms just to keep the lights on before they blew up.
- birken 12y agoWell a worst case scenario might be something like: 33% * (66% seed funding) * (66% angel round) * (60% series A) * (60% series B) * (70% series C) * (85% series D) * (90%^2 series E/F) * (95% series G) ~= 2.4% Still > 2% of an 11B company isn't bad.
- aetherson 12y agoI would not cry if I got, say, 1% of an $11B company (that is to say: $110 million).