Friend wants me to invest in his start-up, valued at $4mm
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Date: May 24th, 2016 3:15 PM Author: Talking step-uncle's house
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?
(http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548267)
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Date: May 24th, 2016 3:17 PM Author: insanely creepy location
Sounds super shitty, why not value it at 100 billion dollars
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(http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30548285) |
Date: May 24th, 2016 11:14 PM Author: cyan bat shit crazy chapel
Finance guy here.
Don't do it bro. Startup market is bubble city.
(http://www.autoadmit.com/thread.php?thread_id=3233075&forum_id=2#30552626) |
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