Your periodic reminder: charge more. I feel pretty ambivalent about valuations, by which I mean that 2019 will clearly be lowest valuation for early software companies compared to year X and all years later in human history, and I don’t know whether X is 2020 or 2025 or 2030.https://twitter.com/jmj/status/1180525455973076992 …
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(There are a lot of other factors, but for comprehensibility the best investors and the best companies converge on an equilibrium where many of those factors are much less salient.)
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Round numbers to make things easy: suppose an investor offers to pay $1 million for 10% of the company. If you notionally extended this to them buying 100%, which is not on the table, that would cost $10 million. That is the “valuation” of the company.
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