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Box is the unicorn that Mark Cuban let get away - with Mark's Response


Box is the unicorn that Mark Cuban let get away PandoDaily

Source: http://pando.com/2014/01/31/box-is-the-u...

Top comment:

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

Stashed in: Venture Capital!, @mcuban, Box!, Valuation, Black Swans!

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Mark Cuban is, of course, correct.

TechCrunch says "hotshot CEO Aaron Levie will only own 4.1% of Box" when it IPOs:

http://techcrunch.com/2014/03/24/hotshot-ceo-aaron-levie-will-only-own-4-1-of-box-when-it-ipos-investor-dfj-owns-25-5/

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