SaaStr · 2015-08-28 · 3932d

Investor Sentiment on Facebook's M: Perspective from Magic Investors

Jason Lemkin discusses investor sentiment regarding Facebook's entry into the Magic space with their M product. The article suggests that investors who have achieved massive exits, such as Facebook's $5 billion+ WhatsApp acquisition, tend to view new competitive threats with relative indifference. Magic was reportedly raising $12 million from Sequoia at a $40 million valuation.

3 metrics· Cited 0× in the knowledge base ·Open source ↗

Metrics in this report

Company Valuation

40millions USD

post-money valuation

Magic at time of $12M raise

Fundraising Amount

12millions USD

Series funding round

Magic fundraising from Sequoia

WhatsApp Acquisition Value

5000millions USD

greater than

Facebook's historical exit