An appraisal-management company had said that the quickest the valuation could be delivered was Oct. 6, weeks after the clients' hoped-for closing date.
Despite these quick increases in valuation, demand persists; for some investors, bored with public markets, there's more promise, potential, and possible upside in buying these types of shares, rather than ploughing more cash into traditional blue chip companies.
While some in the VC community were quick to dismiss the valuation, I will remain grateful to Bill Gurley for a post where he took me to task for having too narrow a vision of Uber's business model.
Many companies succumb to the richest valuation from the quickest checkbook they can find.
But those pronouncements were overshadowed by massive new venture funds, a quick investment cadence, and increasing valuations.
This isn't a case of plaintiffs looking for a quick buck as billion dollar valuations are discussed; this article from The Stanford Daily details the case against "thefacebook.com" in 2004, which at the time only had 200,000 members and a lot less 0's on the end of any theoretical company valuation.
There was a time when commodity companies had decidedly ho-hum valuations -- a quick glance at their historical stock charts will confirm that.
Rather, they're interested in pumping up enough hype and valuation to find a quick exit through an acquisition at an eye-popping premium.
Founded in 2003, Theranos became a quick Silicon Valley sensation, boasting a $9 billion valuation and a host of prominent backers impressed with its promise of a new blood-testing technology.
What it will mean is that Airbnb, now at a $10 billion valuation, may be less quick to run for the public markets.
