Whole Foods Sold 34% at an $8.5 Million Valuation in 1980s
John Mackey · Whole Foods Market: John Mackey · May 15, 2017 · at 27:59
Whole Foods co-founder John Mackey details the company's first venture capital fundraising round in the late 1980s.
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“We sold 34% of the business for an eight and a half million dollar valuation. So about eight times our earnings or about I don't know, 20%, 15% of our sales.”
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