Fishman: Mozart Data reset its 409A valuation at a 50% discount
Peter Fishman · How MozartData Hit $2m ARR By Moving Upstream AND Opening Top of Funnel · Mar 9, 2023 · at 9:35
Mozart Data co-founder Pete Fishman discusses lowering the company's internal 409A valuation to keep employee stock options valuable.
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“To be total, to be totally honest, I damn, now I'm doing the math in my head. It was steeper than that. So it was almost a 50% discount.”
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“I like to think of it as like Indiana Jones, where like, it just sneaks in as like the door is like sort of coming down. You know, I don't think we, you know, we raised At the start of twenty-twenty-two, so not the world's best time, but in hindsight, basicall…”
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“No, we're below a hundred customers.”
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