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"It serves the interest of the investors who can come up with whatever valuation they want when there are no revenues," explained Paul Kedrosky, a venture investor and entrepreneur.
So Mr. Saverin's decision to leave could have been a wager that the cost of an exit tax now — 15 percent of whatever valuation he could get the Internal Revenue Service to agree to — would be far less than the 35 percent or more in estate tax his heirs would face on his holdings when he died.
Amid this (and finesse here is what separates the all stars from the also-rans), ever so deftly insert a bald assumption that supports whatever valuation and price target are appropriate to the current mood of the market.
And if they don't give founders reasonable terms, a team could potentially raise funds straight from The People at whatever valuation the market will withstand.
Answer: "I am running a process and want to make sure that whatever valuation we get is fair and consistent with the market.
So in principle toxic securities can now be carried on banks' books at whatever valuation the bank chooses while it waits for markets to revive -- a revival that may never come.
Similar(53)
The goal is to design an auction such that, whatever the underlying valuation distribution, its expected revenue is almost as large as that of an optimal auction tailored for that distribution.
"So you decide a rule of thumb about what is acceptable dilution, and if you're going to raise $400M or whatever then the valuation's got to be somewhere between $1.6BN and $2BN to make that sort of raise make sense — and leave enough equity for the previous investors and founders.
It pushes the entrepreneur to unnatural and harmful tactics to meet this valuation, or to eventually fundraise again at a lower valuation – or at a higher valuation from whatever out-of-tune investor they can find to do – then seriously struggle to exit.
Airbnb still isn't commenting on the valuation, but whatever the number is, it's presumably included in the $13.7 billion combined valuation for all Y Combinator startups that founder Paul Graham shared a few days ago.
Their valuation is whatever the market says it is.
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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