Unfortunately that investment was also with Softbank and some others in the same round for series D in 2014. I can't see more than 15 times in the 2014 valuation and that's $50 million USD turning into $700 million USD between 7 investors. A drop in the bucket. Telstra Ventures may bring some unexpected gains for Telstra but Telstra is risking upwards of $1 billion in EBITDA so I don't quite see how the burn will be rapidly slowed.
Where to now for long term investors of Telstra, page-9609
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