Berkonomics
SEPTEMBER 27, 2018
The year was 1998. Within three months, we easily obtained $3 million of investment at a pre-money valuation of $30 million. Three months later, another investor company in the business offered to invest $3 million at a valuation of $60 million. The background for my story. And then, unbelievable value growth.
Berkonomics
SEPTEMBER 17, 2011
The year was 1998. Within three months, we easily obtained $3 million of investment at a pre-money valuation of $30 million. Three months later, another investor company in the business offered to invest $3 million at a valuation of $60 million. First here is a bit of the background.
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David Teten
NOVEMBER 15, 2013
Asset managers can earn far more money at less risk than in any other industry. Simon Lack reports in The Hedge Fund Mirage that from 1998 to 2010, hedge fund managers earned $379 billion in fees, while their investors earned only $70 billion in investing gains. Would you pay a $379 tip for a $70 meal?
www.paulgraham.com
OCTOBER 23, 2010
If you give an investor new shares equal to 5% ofthose already outstanding in return for $100,000, then youve donethe deal at a pre-money valuation of $2 million. Ididnt realize that when we were raising money. Back in 1998 our CFOtried to talk me into it. Surely 1998 was a little late to arrive at the party.
www.paulgraham.com
APRIL 28, 2010
When we sold our startup in 1998 I thought one day Id do some angelinvesting. 2 ] When you negotiate terms with a startup, there are two numbers youcare about: how much money youre putting in, and the valuation ofthe company. The valuation determines how much stock you get. Suppose its 1998. million, and youget.05/1.05,
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