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Lemonade raised $120 million from SoftBank (in what might be that firm's only intelligent real estate-related deal) and is likely approaching or surpassing that billion-dollar valuation threshold itself.
However, it's last private valuation was close to $1 billion, the company priced under that mark, and has since moved past the $1 billion valuation threshold into unicorn-land.
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Low valuations of real estate by local authorities have been a matter of contention particularly by federal tax authorities for decades, and harmonization efforts have aimed at imposing minimum tax valuation thresholds in the cantons, currently officially at 60% of market value.
In the economic valuation analysis performed, several thresholds (12, 14, 16, and 18 hours) can be employed as a sensitivity analysis depending on whether the analysts prefer to be more or less conservative in their estimations.
So a minimum acceptable valuation of $105M was the threshold exit given where we were.
It's very likely that OpenDoor now holds a valuation that exceeds the $1 billion unicorn threshold.
And that is the threshold where super angels' valuation models start to break.
Following the valuation proposed by NICE in UK, an ICER threshold of £20,000 per QALY gained has been used to judge whether an intervention is acceptable as an effective use of NHS resources [ 25].
It would behoove both Europe's tech companies as well as the public markets if the minimum threshold either dropped to 10%, or a minimum valuation was assigned to companies interesting in listing.
When I read it back, I assumed that if you hadn't got a valuation certificate within the last year, you would fall back to the £7,500 threshold or the last valuation carried out, but no, they've simply rejected it outright.
Given that the valuation of Facebook, the world's leading social-media firm, itself crossed that threshold only a few weeks ago, it is reasonable to wonder whether Tencent is worth so much.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com