Comment by kore
15 years ago
> $3M Series A (mid 2008) Assuming a $2M pre-money
> $10M Series B (2010) Assuming a $5M pre-money
I know this was just a thought exercise, but shouldn't their valuation have increased between 2008 and 2010?
15 years ago
> $3M Series A (mid 2008) Assuming a $2M pre-money
> $10M Series B (2010) Assuming a $5M pre-money
I know this was just a thought exercise, but shouldn't their valuation have increased between 2008 and 2010?
Yes, you are right. If we assume an increase of the value of $3M between 2008-2010, then a pre-money of $8M in Series B, then the Heroku share would be 20.9% and pg's 1.3%. pg's multiple is 162x.