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C
a month ago

Best of Persona (NBA) - Chad Wittman

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Is Zapier's $4b valuation more a byproduct of the secondary market action or an actual valuation?

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Okay, This has got to be a bit more of a byproduct of the secondary market. Remember, Base Camp sold a very small slice of their business to Jeff Bezos. You know, for some crazy valuation. And it was really just a negotiation to get X amount of dollars And why amount of percentage, given that they didn't actually need or want the funding. And that's kind of what it sounds like here is that Sequoias is taking a position for a cash flow business. And they're the founders are getting a little bit of cash in the deal on like the valuations, more of a byproduct of algebra than it is like negotiating really hard on what evaluation and working backwards is. That's kind of my quick take on that.

C
a month ago

Best of Persona (NBA) - Chad Wittman

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