25%! These are rookie numbers. They gotta pump those numbers up!
Nothing much bro. You’ll have to liquidate more equity to raise the same amount. Apart from that? Your existing investors are unlikely to reinvest because the valuation they entered at vs current valuation is a net loss.
Swiggy was valued at $10B a couple of months back. Good luck employees waiting for ESOP buy-back in July 2023. Your shares are now worth half of what it used to be!
https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuati...
BYJUs has raised a round of 700 M last week in a tight funding market, investors are said to be Middle East based sovereign wealth fund. It is said messi partnership and fifa World Cup had introduced the firm to Middle East sovereign funds
Lately many of the startups faced valuation cuts. Baron Capital cut Swiggy by 40%, Blackrock and Pepsis cut Byju’s by 70%, SoftBank cut Oyo by 70%. Just to name a few.
Everything about Byju’s is very much present here on grapevine. I’m...
What are generally the metrics used during layoffs ?
Is it division by division or each employee is vetted for his performance and contributions ?
Do high salaried folks generally targeted even if they have good performance and history...