Does Kondoot have any actual users? Alexa and the various app ranking methods don't show evidence of much in the way of current users or a growth trend...
Still, I doubt that a few people losing their shirts chasing the "next Facebook" will have much effect on the startup scene over all. No need for hand-wringing. Either it will be a raging success, or a number of people will learn valuable lessons for next time. As a side note: I don't care enough about this to register with ASSOB and look up the offer document, but a liquidity preference term of some sort can go a ways to help investors get their 5x or 10x without needing the valuations you talk about, especially at a multiplier... a lot easier to get to 5x ROI with a 2x or even 3x multiplier. Geoff. On Jan 23, 10:01 am, Peter Alderson <peter.alder...@gmail.com> wrote: > Do extremely high, early-stage valuations adversely affect the local > funding environment? > > Recently there have been a number of ASSOB companies that have successfully > raised capital at extremely high valuations. > One such example is Kandoot, which to-date, has managed to *successfully > raise funds at a $45m valuation <http://bit.ly/ADn7g6>* (the complete > offer document is available on the ASSOB website). > > Does investor participation in such offerings reduce the potential to > deliver out-sized investor returns that are then likely to be > reinvested in the next crop of early-stage ventures? -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
