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AngelList Venture Raises $100M on a $4B Valuation

angellist.com

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Re: AngelList Venture Raises $100M on a $4B Valuation

#11

Post by pluc »

guessmyname wrote: post #9

I am still salty about a ban AngelList applied on my profile after I reported a (supposedly) CEO of a Los Angeles startup for insulting me when I rejected an invitation to join them. Instead of banning this person’s account, they banned mine. Interestingly, AngelList still sends me emails saying “[User] is interested in your profile”, even though I can’t log into the platform anymore. The unsubscribe button doesn’t e…

Same kind of feedback here though I wasn't banned, my complaint was just ignored.

Re: AngelList Venture Raises $100M on a $4B Valuation

#12

Post by sadfounder »

verdverm wrote: post #8
mxstbr wrote: post #7

I'm confused by AngelList's corporate structure. Venture is a separate company that raises money on its own, ProductHunt belongs to a separate holding company[0] — what even is "AngelList" now? [0]: https://writings.prologue.xyz/introducing-prologue/

The company split in two about a year and a half ago (maybe more?) into hiring and venture.

Link?

Re: AngelList Venture Raises $100M on a $4B Valuation

#13

Post by your_username »

verdverm wrote: post #8
mxstbr wrote: post #7

I'm confused by AngelList's corporate structure. Venture is a separate company that raises money on its own, ProductHunt belongs to a separate holding company[0] — what even is "AngelList" now? [0]: https://writings.prologue.xyz/introducing-prologue/

The company split in two about a year and a half ago (maybe more?) into hiring and venture.

No post body was provided.

Re: AngelList Venture Raises $100M on a $4B Valuation

#14

Post by amitm »

mxstbr wrote: post #7

I'm confused by AngelList's corporate structure. Venture is a separate company that raises money on its own, ProductHunt belongs to a separate holding company[0] — what even is "AngelList" now? [0]: https://writings.prologue.xyz/introducing-prologue/

https://www.readthegeneralist.com/briefing/angellist gives a good breakdown

Re: AngelList Venture Raises $100M on a $4B Valuation

#15

Post by mylons »

sadfounder wrote: post #12
verdverm wrote: post #8

Earlier quoted context omitted.

The company split in two about a year and a half ago (maybe more?) into hiring and venture.

Link?

this is correct. I interviewed with the company that raised in the fall. They are working purely on products and services for venture capital and those participating in it. Some VCs have been raving about how great these products are on twitter. I'm not a VC so I don't have a strong opinion or really anything qualified to say on how viable or worthwhile they are, though.

Re: AngelList Venture Raises $100M on a $4B Valuation

#16

Post by amitm »

guessmyname wrote: post #9

I am still salty about a ban AngelList applied on my profile after I reported a (supposedly) CEO of a Los Angeles startup for insulting me when I rejected an invitation to join them. Instead of banning this person’s account, they banned mine. Interestingly, AngelList still sends me emails saying “[User] is interested in your profile”, even though I can’t log into the platform anymore. The unsubscribe button doesn’t e…

hi - CEO of AngelList Talent here. Sorry about that. Could you email me at amit@angel.co and I can get it sorted

Re: AngelList Venture Raises $100M on a $4B Valuation

#17

Post by radihuq »

manquer wrote: post #6
radihuq wrote: post #3

40x valuation seems crazy, even in 2022. Is this the new norm, or is AngelList Venture an exception?

40x of ? they don't have any disclosed revenue numbers . $100m/ $4B is not 40x valuation it is just that they are diluting only 2.5% for that $100m . It just means they need only relatively small amount money and are in good spot financially and can afford to dilute very less. Had they raised $500m on $4B post or $1B on $4B post the valuation is not changing to 8x or 4x. Why should they raise more than they need beca…

Good breakdown, thanks!

Re: AngelList Venture Raises $100M on a $4B Valuation

#18

Post by vmception »

radihuq wrote: post #17
manquer wrote: post #6

Earlier quoted context omitted.

40x of ? they don't have any disclosed revenue numbers . $100m/ $4B is not 40x valuation it is just that they are diluting only 2.5% for that $100m . It just means they need only relatively small amount money and are in good spot financially and can afford to dilute very less. Had they raised $500m on $4B post or $1B on $4B post the valuation is not changing to 8x or 4x. Why should they raise more than they need beca…

Good breakdown, thanks!

Another way to put it is just "someone bought shares at this price." which isn't really news.

the private market uses lingo that is different from the public markets, and then brags about it if convenient to do so, such as for other clout. amounts undisclosed if not convenient, such as if its too low or a "down round" which just means "someone bought shares at a lower price than the last person" which is also not really news in the public markets, but supposedly damning in the private markets.

Re: AngelList Venture Raises $100M on a $4B Valuation

#19

Post by candiddevmike »

radihuq wrote: post #17
manquer wrote: post #6

Earlier quoted context omitted.

40x of ? they don't have any disclosed revenue numbers . $100m/ $4B is not 40x valuation it is just that they are diluting only 2.5% for that $100m . It just means they need only relatively small amount money and are in good spot financially and can afford to dilute very less. Had they raised $500m on $4B post or $1B on $4B post the valuation is not changing to 8x or 4x. Why should they raise more than they need beca…

Good breakdown, thanks!

There are risks with huge valuations like this: you need to keep growing your valuation. Down rounds[1] can be a death sentence, especially as we're most likely entering a recession.

1: https://www.investopedia.com/terms/d/downround.asp

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