
Brett Topche Speaking at a #CoffeeAndCapital Q&A.
At first it was rumored, and by the following week it was confirmed: Walmart dished out some $3.3 billion in cash and stock to acquire Hoboken, N.J.-based ecommerce company Jet.com.
According to a report from Bloomberg on Tuesday, early investors in the ecommerce company might see 2x to 15x returns on their investment, depending on when the investment was made.
“The biggest winners are investors from the first round in July 2014. At the time, Jet.com’s price tag was more than $200 million, a lofty valuation at the time considering it was an early funding round, according to one investor who participated,” Bloomberg’s Lizette Chapman wrote. “Those investors could pull in a 15-times return on their investment.”
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