[HN Gopher] AngelList Venture Raises $100M on a $4B Valuation ___________________________________________________________________ AngelList Venture Raises $100M on a $4B Valuation Author : kapilkale Score : 77 points Date : 2022-03-08 18:29 UTC (4 hours ago) (HTM) web link (www.angellist.com) (TXT) w3m dump (www.angellist.com) | guessmyname wrote: | 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 even work. | pluc wrote: | Same kind of feedback here though I wasn't banned, my complaint | was just ignored. | amitm wrote: | hi - CEO of AngelList Talent here. Sorry about that. Could you | email me at amit@angel.co and I can get it sorted | mxstbr wrote: | 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/ | sadfounder wrote: | Add Republic(https://republic.com/) | phphphphp wrote: | I wasn't aware that they owned Republic -- they're just an | investor, I think. | amitm wrote: | https://www.readthegeneralist.com/briefing/angellist gives a | good breakdown | verdverm wrote: | The company split in two about a year and a half ago (maybe | more?) into hiring and venture. | your_username wrote: | sadfounder wrote: | Link? | mylons wrote: | 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. | radihuq wrote: | 40x valuation seems crazy, even in 2022. Is this the new norm, or | is AngelList Venture an exception? | [deleted] | manquer wrote: | 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 because their | valuation is high? Should they raise $200m if the valuation is | $8B ? If they need only $100m in capital , they only need to | only dilute that much. | radihuq wrote: | Good breakdown, thanks! | candiddevmike wrote: | 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 | vmception wrote: | 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. | mikeodds wrote: | Funny read in relation to Bitclout's raise through AngelList and | a user getting banned for sharing a screenshot that had been | shared to them through telegram | | https://mobile.twitter.com/cobie/status/1387037537454026760 | your_username wrote: | newaccount2021 wrote: ___________________________________________________________________ (page generated 2022-03-08 23:01 UTC)