They just announced a $10M series A in January. To cash out at a $100M valuation doesn't seem like a bad outcome; after just doing just a series A, the founders' stake is likely to be in the 25-50% range (I'd guess in the lower end).
Obviously the zeitgeist is to shoot for a unicorn, but there are plenty of reasons to chose an earlier exit, only some of which suggest that the underlying business is shaky.
(Dodgeball sounds like a great deal BTW; rest & vest for a year or two, and then go start your company again except this time without having to bring in outside funding for your seed).
Re:Uber enters dockless bike wars with Jump acquisition
by hunter23 on Monday April 09, 2018 @07:02PM
(#16797739)
Yes and it's not like their 2nd iteration of Dodgeball (Foursquare) was that successful. They've pivoted to business analytics, but I doubt their investors are that happy.
As for Jump;
https://www.crunchbase.com/search/funding_rounds/field/organ...
They just announced a $10M series A in January. To cash out at a $100M valuation doesn't seem like a bad outcome; after just doing just a series A, the founders' stake is likely to be in the 25-50% range (I'd guess in the lower end).
Obviously the zeitgeist is to shoot for a unicorn, but there are plenty of reasons to chose an earlier exit, only some of which suggest that the underlying business is shaky.
(Dodgeball sounds like a great deal BTW; rest & vest for a year or two, and then go start your company again except this time without having to bring in outside funding for your seed).