3 ms·
Basing it on the statement from the article this is how I read it: 10/30 gives 33%(1/3rd) at a valuation of 40 million 10 + 30 = 40 So $40 million valuation
by an4rchy 11y ago
Basing it on the statement from the article this is how I read it:
10/30 gives 33%(1/3rd) at a valuation of 40 million
10 + 30 = 40
So $40 million valuation for $10 million investment which gives them 33% of the company.
10/15 would imply 33%(1/3) at a valuation of 10+15 = 25
$25 million dollars is close to $20 million which is half of the original $40 million.
Marc's 6/12 implies 6 million investment at 18 million valuation for 50% of the company.
- otoburb 11y agoI mistakenly thought that the second number was a rough equity stake; that the second number was the current valuation should have crossed my mind but didn't. Makes much more sense now. Thanks!
- CPLX 11y ago> $25 million dollars is close to $20 million which is half of the original $40 million. Better yet, $15 million is precisely half of $30 million. And that number is the pre-money (as in, the actual, now) valuation for the company. So suggesting that a deal is "10 on 15" rather than "10 on 30" is suggesting that the company is precisely half the valuation of the first suggestion.