PeakXV holds over 21% of Grapevine
This platform is now gonna scale, but isn’t 21% too much? Thoughts pls.
Blair Lee
Stealth
a year ago
Congratulations Team Grapevine
Isaiah Olive
Stealth
a year ago
no, thats par for the course in seed rounds, big institutional VCs like to atleast get >15% stake, otherwise the math doesnt work out for them.
Roughly at a 12.5M valuation, that puts their check size at ~3M, which is Peak’s average size as well.
Kendall Lee
Stealth
a year ago
A key question for me is if the user data/identity safe?
