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brm
on Sept 23, 2010
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Facebook is not worth $33 billion
Point of order... It wasn't a series E, it was $120 million in purchases on the secondary market
http://techcrunch.com/2010/06/28/elevation-invests-another-1...
vessenes
on Sept 23, 2010
[–]
This is an extremely important point, germane to the conversation.. The $120mm was not a funding round -- it was liquidity for founders. Huge difference, and it invalidates much of dhh's original analysis.
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