409A Valuation
topic on 4 shows · 4 statements across 4 episodes
A Product Market Fit Show 
Top Founders 
All-In 
20VC
4 statements about 409A Valuation, every show
Chamath: 409A valuations and corporate fairness opinions are routinely gamed
“Four or nine A's are gamed, these fairness opinions are gamed, but the reality is I don't think the legal and the judicial community has any idea.”
Walker: 409A auditors benchmark startups against datasets skewed toward major successes
“That's kind of how like auditors sometimes compare startups to their growth rates when they're setting four or nine A's or things like that. Like they're using data sets that include only the absolute major successes and not actually the full data set that inc…”
Ward: Carta's 409A valuation business operates at over 70% gross margins
“So that today our four nine a business runs at over 70% margins.”