Box is the unicorn that Mark Cuban let get away - with Mark's Response
J Thoendell stashed this in Tech
mcubanFeb 1, 2014
I didn't miss a thing. When a company raises hundreds of millions of dollars I would have been diluted to nothing. But the bigger issue is that I'm not a fan of situations where you have to raise hundreds of millions of dollars to do tens of millions in sales. It's a lesson learned from the tech bubble
It was one thing when the valuation as a multiple of sales was in stock. It's a bigger thing when that multiple is my cash
Mark Cuban is, of course, correct.
TechCrunch says "hotshot CEO Aaron Levie will only own 4.1% of Box" when it IPOs: