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Friend wants me to invest in his start-up, valued at $4mm
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Date: May 24th, 2016 3:15 PM Author: canary provocative point ladyboy It's basically just an app that creates a market place for those with tasks or classes and those who want things and are willing to pay.
They will take a % fee from each transaction.
I told him I think there are other similar apps out there and asked him how many members they have.
He invested $100k already at a $4mm valuation and says they're rolling it out later this month with only 100 test members so far. $0 revenue so it's pre-revenue.
What is the proper valuation here?
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Date: May 24th, 2016 3:19 PM Author: Thirsty idiotic field sweet tailpipe $0, because TaskRabbit already exists for tasks, as does OfferUp, Letgo and Wallapop for things, and Meetup for classes and groups along with countless other apps doing the same thing.
tasks + classes + used items is just putting it all together in a trying-to-be-everything-to-everyone shitstew. |
Date: May 24th, 2016 3:17 PM Author: dull bateful athletic conference native Sounds super shitty, why not value it at 100 billion dollars
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Date: May 24th, 2016 3:19 PM Author: sooty halford so... it's like task rabbit but shittier? (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548293) |
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Date: May 24th, 2016 3:35 PM Author: canary provocative point ladyboy yeah but they do classes too.
for example, let's say you need a tutor for german but you don't trust craigslist so you can use them for this. it's like angie's list and taskrabbit combined. |
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Date: May 24th, 2016 3:36 PM Author: grizzly garrison gay wizard "friend wants me to give him money for nothing, should i do it?" (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548388) |
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Date: May 24th, 2016 3:53 PM Author: frozen station (guy who sat next to Mark Zuckerberg talking about his new app in Econ class at Harvard and then commented snarkly to his roommate) (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548467) |
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Date: May 24th, 2016 3:56 PM Author: grizzly garrison gay wizard sounds like a great idea to invest in every startup from your friends so you can get in on the next FB (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548488) |
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Date: May 24th, 2016 3:38 PM Author: Fear-inspiring supple voyeur get a shill buyer to overpay for a small number of shares. multiply that price per share by all shares. congratulations, you're valued at 4MM (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548394) |
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Date: May 24th, 2016 3:47 PM Author: impertinent home all depends on how much you like losing money, and how pleased you will be to see your friends wasting it. (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548427) |
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Date: May 24th, 2016 3:47 PM Author: At-the-ready genital piercing Zero valuation (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548428) |
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Date: May 24th, 2016 3:49 PM Author: Bipolar background story idiot a platform like taskrabbit costs way less than $4m to build (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548437) |
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Date: May 24th, 2016 4:23 PM Author: impertinent home SOLOMO, bro (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548628) |
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Date: May 24th, 2016 4:25 PM Author: grizzly garrison gay wizard (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548642) |
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Date: May 24th, 2016 4:00 PM Author: Blathering chartreuse shrine Lol who gave them a valuation of 4million? (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548501) |
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Date: May 24th, 2016 4:01 PM Author: Sepia wrinkle associate The angel who invested $25K in a SAFE as one of the 10 SAFEs he signed last week following 15-min coffee meetings at Coupa Cafe. (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548507) |
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Date: May 24th, 2016 4:43 PM Author: canary provocative point ladyboy my friend did, after close negotiation with the owner he put in $100k for 2.5%, valuing it at $4mm. (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548801) |
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Date: May 24th, 2016 11:04 PM Author: vermilion kitty cat public bath your friend is an idiot (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30552521) |
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Date: May 24th, 2016 11:07 PM Author: excitant cumskin national security agency you should absolutely do this. (http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30552547) |
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Date: May 24th, 2016 11:14 PM Author: Internet-worthy space keepsake machete Finance guy here.
Don't do it bro. Startup market is bubble city. |