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.
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