Equity Co-founder titles aren't a formality, they're a morality
Nov 19, 2021
The hosts discuss the astounding rise of OpenSea, exploring its potential $10 billion valuation and its rapid fundraising cycle. They also dive into Casper's shift to private ownership, highlighting challenges faced by direct-to-consumer brands. The conversation shifts to the role of co-founder titles, addressing the complexities of recognition and contribution in startups. With candid insights on the evolving startup landscape, they prompt listeners to reconsider what makes a founder truly significant.
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OpenSea's Valuation
- OpenSea's potential $10B valuation is driven by high trading volume and a 2.5% fee.
- This translates to substantial monthly revenue, making the valuation less fantastical.
Accelerated Funding Rounds
- Companies like Facily and Justt are raising rounds at an incredibly fast pace due to rapid revenue growth.
- This accelerated pace deviates from the traditional 18-month fundraising cycle.
Facily's Rapid Growth
- The Brazilian company Facily raised four rounds in a year, totaling $366M, due to its unique social commerce model.
- Its rapid growth and gamified app, catering to lower-income populations, attracted investors.