Private tech companies in the current market?
IC just slashed valuation by 40%! People keep saying Stripe is inflated too and will fall but how do they know? Bolt's current valuation is 275X revenue. Is that normal? Anyone else worried we might be headed towards a recession and private companies will suffer a lot? Bad time to take on private stock perhaps? What do people here think? #instacart #stripe #bolt #chime
I don’t even understand why could bolt get its last round valuation. The calculation of user growth sounds really unrealistic
I agree with you. Seems like this question and similar have been asked a lot lately on the internal Blind forum and no one seems too confident. Don't think we've met our user growth predictions thus far but who knows what happens in the future.
But somehow Tesla is not overvalued
I think any pre-ipo company is subject to this issue. And even meta is getting cut to death. It’s the nature of stock options. If you care deeply about comp, pre-ipo startup is likely not for you. I’m currently considering an offer from Bolt, but doing so not for the stock/money… more for the WLB, culture, and Fridays off
I'm biased but it seems very risky to join a private company right now that hasn't taken current conditions into account. I'm not sure I'd recommend joining Instacart but there's less downside there than Stripe because they acknowledged the valuation issue.
I agree. It might even be a good time to take the plunge with IC if you were ever going to because they have already been slashed after a valuation from an independent firm as I understand it. Personally though I wouldn't risk it. I can't recommend people join Bolt right now. A lot of uncertainty and doubt for sure. I hear some people saying it might take a while just to catch up to our current valuation if things go well. Maybe best to wait and see.