Klaus Hommels invested in King.com at a $2.5M valuation
Klaus Hommels · Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings · Nov 27, 2024 · at 1:01:19
Klaus Hommels, founder of Lakestar, discusses selling his investment in gaming company King.com early at a $100M valuation rather than waiting for its eventual $5B valuation.
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“So I got in at king.com at two and a half million and sold something at a hundred and I could have sold at five billion.”
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