Comment Comment by gorgoiler There’s a bigger story to tell than just a number.Is that $1.8B of revenue? Of profit? $1.8B of total funding in the last six months? In the last ten years?Here’s $100M of funding for a 6% stake, four years ago:https://siliconangle.com/2021/03/22/digital-identity-network...Last year: a liquidity event for early investors and employees, none of which helps the ongoing business but instead lets the founders and C-suite buy a private island / holiday home / mobile home / home:https://thepaypers.com/digital-identity-security-online-frau...A $275M loan — not an investment, though you get a good deal if they default! — to keep them afloat?:https://www.investing.com/news/stock-market-news/idme-secure...The only rung deeper into the hype pit would be valuing them as a unicorn based on a too-big-to-fail government bailout. parent gorgoiler 1 year ago
Is that $1.8B of revenue? Of profit? $1.8B of total funding in the last six months? In the last ten years?
Here’s $100M of funding for a 6% stake, four years ago:
https://siliconangle.com/2021/03/22/digital-identity-network...
Last year: a liquidity event for early investors and employees, none of which helps the ongoing business but instead lets the founders and C-suite buy a private island / holiday home / mobile home / home:
https://thepaypers.com/digital-identity-security-online-frau...
A $275M loan — not an investment, though you get a good deal if they default! — to keep them afloat?:
https://www.investing.com/news/stock-market-news/idme-secure...
The only rung deeper into the hype pit would be valuing them as a unicorn based on a too-big-to-fail government bailout.