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It looks to me, with liquidation preferences, like the valuation the investors believe is probably closer to "all the money raised"+x% than the published "valua
by howeyc 12y ago
It looks to me, with liquidation preferences, like the valuation the investors believe is probably closer to "all the money raised"+x% than the published "valuation".
- mdda 12y agoAgreed - what I don't understand is why most of the discussion here is about high valuations. The big reveal of the article is that the valuations are known by investors to be illusory - and (colloquially) the VCs are ripping the faces off the entrepreneurs.