[lxe]

"Clever googling" the revenue numbers and "probably reaching X" don't count as real numbers. This writeup is up-in-the-clouds optimistic. The 409a or any other speculative valuation also doesn't mean much. I'm behind the first part -- It's worth investing in real business and job growth, but I'd like to see more grounded and practical ROI calculations.

[nl]

It's true these are estimates. But they don't seem unrealistic to me.

Take KiwiCo - I'd never heard of it. They raised $11.5M, and 2018 were profitable, debt free and making over $100M/year revenue[1]. That's high growth and profits (a great mix), so assuming she got in during that early round, a 30x return seems very achievable.

[1] https://www.inc.com/christine-lagorio-chafkin/kiwico-is-the-...