0 sats \ 2 replies \ @pony 12 Jul 2022 \ parent \ on: Hey so SN raised a seed round meta
i am not mad, this is my honest opinion.
thanks for the sats though
This is not how startup investing works. No one would buy Stacker News for 25M$ today. Investors are betting on @k00b's vision to build a Reddit competitor. If he is successful, they are potentially looking at 10% of a multibillion-dollar company, a pretty good payout. If it fails, they are collectively down 1.25M$. There's not much in between, so the current valuation number isn't all that critical.
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thanks for the explanation
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