Discord raises $150M, surpassing $2B valuation

Re:Discord raises $150M, surpassing $2B valuation by baybal2 on Friday December 21, 2018 @07:09PM (#18737915)

There is a much, much easier explanation for the obscene valuation:

> The round was led by Greenoaks Capital with participation from Firstmark, ___Tencent___, IVP, Index Ventures and Technology Opportunity Partners.

All and every big Chinese company seeks to exfiltrate cash out of the country no mater what the justification is.

That way you have China Rail buying Canadian casinos, tech companies buying American pig farms, and a farming cooperative buying Dutch semiconductor fab equipment maker.

I will not be surprised that Tencent will dump them upon first opportunity. I am almost certain that all other players on board the deal are there just to provide the justification and legal cover for otherwise nonsensical deal.

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Re:Discord raises $150M, surpassing $2B valuation by jjeaff on Friday December 21, 2018 @07:41PM (#18738066)

Why would all those other firms make poor investments just to prop up a deal for tencent?

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Re:Discord raises $150M, surpassing $2B valuation by elefanten on Friday December 21, 2018 @09:12PM (#18738464)

Yeah this is written by someone with no knowledge of the industry.

Tencent has been making strategic investments in top western gaming businesses for years. This is completely consistent with their investments in, for example, Riot and Epic. None of those have been dumped.

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Re:Discord raises $150M, surpassing $2B valuation by baybal2 on Saturday December 22, 2018 @05:46AM (#18740023)

But they got ton of cash out of China, right?

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Re:Discord raises $150M, surpassing $2B valuation by baybal2 on Saturday December 22, 2018 @05:44AM (#18740019)

They may sense that Tencent is there for pump and dump, or they may be simply in share.

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