Ok I guess we’ll agree to disagree there. But you’re saying Amazon will pay more than a 1000x REVENUE multiple for this business? Even in early VC / tech world that is ridiculous.
Um yes - you appoint investment banks when you decide you want to sell and cash out. Which is a worry for a tech company as that should never be your strategy to consider exits before you’ve even proven your product or gained significant traction (especially when you’ve earned <$1m in revenues). If you believed in the product and it’s true disruptive nature like management SHOULD, they would never ever consider selling out. There’s a plethora of examples of big disruptions who turned away big offers early on.
These bankers are there to market and sell the company, but how can you ever infer that Amazon even approached the company informally?
If there was a potential buyer (and there very well might be) I think the cap on the offer price will be the standard 30% premium on the $2.92
GSW Price at posting:
$2.92 Sentiment: None Disclosure: Not Held
