GoogleTube
Out of context: Reply #23
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- BuddhaHat0
Taken from techcrunch.com:
'Sequoia was among YouTube’s first funders, providing $11.5 million in two rounds. When $25 million more was rumored to have come from parties unknown this April, Michael Arrington wrote that Sequoia likely did whatever it could to maintain it’s equity share in the company. He estimated that share was between 25% and 30%.
What does this mean? If Sequoia put in $11.5 million for 30% of the company, and if in fact YouTube is being acquired for $1.6 billion then Sequoia’s stake translates into approximately $480 million (subject to a slight adjustment upwards if Sequoia had what is known as participating preferred stock).
That’s a multiple of more than 41 times what was invested in a company founded in February 2005.
wow.