现在明白那些unicorns的VALUATION是怎么来的了. - 未名空间MITBBS历史存档

现在明白那些unicorns的VALUATION是怎么来的了.# Stock

c*l2016-02-09 08:02

1 楼

要是估值下降的话,最后一轮投资人有权先把钱拿到手,然后是早期投资人,然后创始人,
再是员工. 如果一个VC最后投资UBER 5个BILLION, 最后UBER只值5个BILLION的话.那其
他人一分钱都拿不到了.
"He picked the ultimate unicorn, Uber, as an example. While Uber is valued
at $51 billion, it has raised about $5 billion. If Uber exits at anything
over $5 billion, the investors are whole and secure due to liquidation
preference. Anything above that is upside. “Late-stage investors are not
stupid. Do any of us think Uber is not going to be worth $5 billion at exit?
” he asked. If the capital is reasonably protected, and you have a chance
of making over 20% IRR on a large base, it is a good bet. The valuation
numbers do not matter."

s*i2016-02-09 08:02

2 楼

Make sense

人,
★ 发自iPhone App: ChineseWeb 1.0.6

【在 c*********l 的大作中提到】

: 要是估值下降的话,最后一轮投资人有权先把钱拿到手,然后是早期投资人,然后创始人,
: 再是员工. 如果一个VC最后投资UBER 5个BILLION, 最后UBER只值5个BILLION的话.那其
: 他人一分钱都拿不到了.
: "He picked the ultimate unicorn, Uber, as an example. While Uber is valued
: at $51 billion, it has raised about $5 billion. If Uber exits at anything
: over $5 billion, the investors are whole and secure due to liquidation
: preference. Anything above that is upside. “Late-stage investors are not
: stupid. Do any of us think Uber is not going to be worth $5 billion at exit?
: ” he asked. If the capital is reasonably protected, and you have a chance
: of making over 20% IRR on a large base, it is a good bet. The valuation

s*d2016-02-09 08:02

3 楼

所以不上市或者上市价格不好的话对独角兽印象很大很大

人,
★ 发自iPhone App: ChineseWeb 1.0.6

【在 c*********l 的大作中提到】

: 要是估值下降的话,最后一轮投资人有权先把钱拿到手,然后是早期投资人,然后创始人,
: 再是员工. 如果一个VC最后投资UBER 5个BILLION, 最后UBER只值5个BILLION的话.那其
: 他人一分钱都拿不到了.
: "He picked the ultimate unicorn, Uber, as an example. While Uber is valued
: at $51 billion, it has raised about $5 billion. If Uber exits at anything
: over $5 billion, the investors are whole and secure due to liquidation
: preference. Anything above that is upside. “Late-stage investors are not
: stupid. Do any of us think Uber is not going to be worth $5 billion at exit?
: ” he asked. If the capital is reasonably protected, and you have a chance
: of making over 20% IRR on a large base, it is a good bet. The valuation

F*d2016-02-09 08:02

4 楼

Uber这种公司就属于拉皮条的，炒的就是个概念。如果最后证明拉皮条根本挣不了钱，
它剩下的资产根本值不了几个钱。

人,
exit?

【在 c*********l 的大作中提到】

: 要是估值下降的话,最后一轮投资人有权先把钱拿到手,然后是早期投资人,然后创始人,
: 再是员工. 如果一个VC最后投资UBER 5个BILLION, 最后UBER只值5个BILLION的话.那其
: 他人一分钱都拿不到了.
: "He picked the ultimate unicorn, Uber, as an example. While Uber is valued
: at $51 billion, it has raised about $5 billion. If Uber exits at anything
: over $5 billion, the investors are whole and secure due to liquidation
: preference. Anything above that is upside. “Late-stage investors are not
: stupid. Do any of us think Uber is not going to be worth $5 billion at exit?
: ” he asked. If the capital is reasonably protected, and you have a chance
: of making over 20% IRR on a large base, it is a good bet. The valuation