No successful company is issuing 40 million shares to new investors from a base of 10 million. Why would investors or founders sign off on that level of dilution?
And ultimately, if your product is the torment nexus, nobody is going to make money regardless of valuation.
> Why would investors or founders sign off on that level of dilution?
That’s fair. It was just to get to the third act. If you can think of a way to do part two that’s equally succinct that’s more plausible, I’d love to hear your rendition.
And ultimately, if your product is the torment nexus, nobody is going to make money regardless of valuation.
FWIW, I remember the dot com bust very well.