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[–] 1 point 1 year ago (1 child)

I assumed that the VC is talking about small startups, the sort that have a dozen employees and just one project.

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  • [–] [S] 2 points 1 year ago* (last edited 1 year ago)

    Can those be valued at 1Bn?

    Ok, yes, there are these examples:

    Instagram: When Facebook acquired Instagram in 2012, the company had only 13 employees and was valued at $1 billion.

    WhatsApp: When Facebook acquired WhatsApp in 2014, the company had around 55 employees, but it had previously raised funding at a valuation of $1.5 billion with a much smaller team.

    Duo Security: In 2018, Cisco acquired Duo Security for $2.35 billion. At the time of acquisition, Duo had around 10 employees.

    Nutanix: While not exactly a small startup at the time of valuation, Nutanix was valued at $1.2 billion in 2013 with around 10-15 employees.

    (disclaimer: I sourced these from gpt and have not fact checked them)

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