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When asked why it plans to do so so soon, rather than wait to close a bigger round this time, he said: "We believe we can increase our valuation a lot in the next six months, so we didn't want to raise too much right now".
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"The valuation implies a lot of excitement.
"You certainly have more options at the $10 million valuation and a lot more paths you can go down," acknowledged Aaron Levie, chief executive of Box, a corporate cloud storage start-up.
That said full-year guidance has been maintained and the current valuation discounts a lot of bad news, trading on a price/earnings of 6x and dividend yield of 6.7%.
Their early growth propelled them to a $100 million valuation and a lot of positive press.
And that understanding makes reports of Snapchat raising money at a ~$3.5 billion valuation seem a lot less crazy.
Well, the seed would have been happy to sell, but now the new investor wants 3x from there, so this company has to get to a $6 billion valuation, and a lot of bad things can happen in pursuit of that.
Startups are no longer aiming for extravagant valuation and a lot of investors.
"Valuations of a lot of securities look pretty stretched.
"And valuations are a lot better than they were six months ago".
"It is not likely to be one like what happened following the big market bottom in 1982 or 1990, because overall valuations are a lot higher," he said.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com