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Startups up and down Silicon Valley were fetching first-round "post money" valuations of $100 million or more.
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The pre money valuation is rumored to be between $60 million and $70 million.
Sources close to the deal peg the post money valuation at $17.5 million under competitive bidding, counter to earlier financing rumors.
But we're hearing it was in the $20 million range, with a post money valuation between $60 and $80 million.
Updated to clarify the post- and pre-money valuations.
Again, prices are expressed as pre-money valuations.
and common financial instruments used in seed deals, pre- and post-money valuations.
However, we have seen pre-money valuations more than double in the past year.
Median pre-money valuations decreased slightly by 7% from 2Q 2013.
That means wading through documents peppered with dense financial terms such as "pre-money valuations" and "dilution".
This situation is not taken into account by standard post-money valuations.
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CEO of Professional Science Editing for Scientists @ prosciediting.com