How We Just Raised $6M At An $80M Valuation From 100+ Investors Using A Link (Without Pitching)
medium.com
Saved by Sarah Drinkwater
How We Just Raised $6M At An $80M Valuation From 100+ Investors Using A Link (Without Pitching)
Saved by Sarah Drinkwater
Valuations are a big mystery to many entrepreneurs. And for good reason. In the early stages, valuation is not a factor of revenue or much else. According to research done by Ilya Strebulaev, a professor of venture capital at Stanford Graduate School of Business, and his collaborators, most VCs, especially early-stage VCs, don’t use techniques such
... See moreThey wanted 30 percent of the company, which would value us at $1 million. It was an intense negotiation; I threatened to go to the other VCs if they didn't pony up the money. We finally settled on a 15 percent split with them and they valued the company at $2 million post money. But they'd put in a right of first refusal. Since I was a young entre
... See more