I have 1100 shares of Instacart stock after 1 year cliff a few months ago. Will I be a millionaire at IPO? Total Networth: 500k
How do you guys keep previous company account on blind alive so long after leaving? Blind asks me to re-verify every couple of months. :(
I had to reverify too. My old account was deleted
Oh I thought per your post you are now at instacart.
Do you think the shares will IPO at $1k each? 😂
😂 that would be nice. But at $250 plus my current Networth ill be close!
At $250 it will be worth $275k. After taxes it will be $165k.
Yea post tax, seems unlikely
Million dollars ain’t shit these days
Do you make a million?
1mil is ~88th percentile in US household income per dqydj
Current PPS preferred is$125 (39B val), latest 409a is $116 PPS. 409a was just updated via stock admin portal.
Wait, why would the PPS be lower than the price at the last raise?
What? Preferred price jumped from 60 to 125...FMV went from 46 to 116. Previous valuation was 17.7B, new valuation is 39B. None of the new numbers are lower than the last round.
I’ve got about 4,000 shares after 1 year cliff. Hoping we can get to at least $250 at IPO. Post tax it’ll be ~700k, but that’s not bad for one year of RSUs.
I can't imagine it going that high but you never know. It's a much more defensible business than DoorDash and huge opps for revenue in enterprise and ads. 4000 shares for 1 year cliff..not bad...you must have been an early employee or had a big position.
I agree. Profitable, and fees that are reasonable for the average basket size. Naw, I did in at a great time though. Not a big position, but Instacart does pay very well.
@Instacart So the per share valuation went even below $60? When do you think IPO happens? I heard they’ve delayed that to late 2021 but is that even real?
40 USD? Their recent valuation was at $125 USD.
No, because IC will crash post-IPO like Uber or Lyft.
Uber is 100B now, even it’s unprofitable. IC is profitable.🤪
Uber's revenue is 15B while IC's is 1.5B. That's the difference. When pandemic is over, Uber will grow and IC will shrink. 1.5B might drop to 0.5B.
Need more data on financials
Updated networth 500k