[itsoktocry]

>A snapshot at that time could be used to argue they paid Neumann $x00 million to realise a multi-Billion dollar valuation and $1Bn+ growth in market cap.

This makes no sense to me.

Why would you pay hundreds of millions of dollars to someone for a paper valuation and market cap? It was all meaningless.

[ethbr0]

Liquidity. It's the difference between initial equity holders being able to sell and not.

[JacobAldridge]

Not meaningless, just temporary in a way they didn’t forecast.

Imagine you could buy a house for $200,000, live in it for a year, and then sell it for $1M. Would you take that deal, even if you didn’t like the seller?