PayPal Raised $100M at $500M Valuation Days Before the 2000 Crash
Roelof Botha · 20VC: Sequoia's Roelof Botha on His Biggest Lessons Working Alongside Don Valentine, Mike Moritz and Doug Leone, Leading Sequoia's US Business and What Sequoia Do To Retain Their Edge at the Top & The Crucible Moments That Define Startup Success · Oct 26, 2020 · at 6:05
Roelof Botha, Partner at Sequoia Capital and former CFO of PayPal, recalls PayPal closing its financing round right before the dot-com crash.
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“The company had raised a hundred million at 500 pre at the height of the bubble. We literally closed the financing right at the beginning of April, 2000, I think, 1516 days before the Nasdaq started to slide.”
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