124 / Farcaster
is the company worth $1B?
In this episode, speakers discuss a blockchain-based social app raising $150M at a $1B valuation, comparing it to Facebook's funding strategies and the implications of strategic equity investments.
Timeline
Episode notes
Edit these notes…- Farcaster valuation https://x.com/0x7Jay/status/1794263353705345210
- https://www.forbes.com/legacy-pass how do we feel about this?
The Microsoft / Facebook VC valuation trick
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Farcaster is “$150M / 15% = $1B”
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“Facebook and Microsoft Corp. today announced that the two companies would expand their advertising partnership and that Microsoft will take a $240 million equity stake in Facebook’s next round of financing at a $15 billion valuation”
https://news.microsoft.com/2007/10/24/facebook-and-microsoft-expand-strategic-alliance/
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$240m = 1.6% * X VAL + Advertising
- 10,000s users $1b?