Comment on 37 YC Companies have valuations of or been sold for at least $40 MillionparentComments−hglaser13yWhy not use the valuation cap on the note (in cases where there is one) in place of the valuation? Is there a reason you wouldn't consider it equivalent to a valuation for the purposes of a rough calculation like this?−pg13yA valuation cap is merely an upper bound on a valuation. I'd rather be conservative and wait till there is a valuation.
Comments
Why not use the valuation cap on the note (in cases where there is one) in place of the valuation? Is there a reason you wouldn't consider it equivalent to a valuation for the purposes of a rough calculation like this?
A valuation cap is merely an upper bound on a valuation. I'd rather be conservative and wait till there is a valuation.