1) 100m as valuation guestimate. If they truly get external VCs a ka proffesional investors, that should push valuation towards more humble number.
2) Market standard is that same round investors get same terms, thus Crowdcube investors should get same valuation as VCs. Only difference could be caused by Crowdcube charging a fee.
3) I think this Crowdcube campaign is mostly about community outreach/PR, not so much to attract cheap capital, then no reason to expect unfavorable terms. Mintos may be copying Monzo example https://www.crowdcube.com/explore/raising/success-stories/monzo
Either I got it wrong or Mintos used unclear language in blog post, but actually there will be two subsequent rounds, according to the investor call. First Crowdcube round of 1m in November-December, and then VC round of 15m in Q1/Q2. So defacto Crowdcube round, if successful, will serve as a proof-of-concept and market validation to VC round. Makes sense from Mintos point-of-view. And if things work out well, VC round valuation likely to be higher.
To sum up, Mintos priced the small Crowdcube round cheaply to make it a success, thus facilitating success of later much bigger and more expensive VC round.
Great research. Think you covered pretty much everything. In Fb I voted 200—250 so I expect 200M€ considering it's current market position and future products. Might be fair to say that any company that comes out of a crisis is under evaluated considering all the potential growth
I predict their own revaluation to be higher, they'll present a fantasmagorical business-plan, including results of planned projects. I guess it'll be 300M.
Great piece of work Kristaps. Given Mintos future products, including IBAN accounts, and expansion plans, to highly regulated counties such as Italy and France, I would expect 260 M
Make sure you understand that lower valuation is better. However it goes for Mintos -- good or bad.
Mintos is raising 1M. With valuation of 68M, the math is 1÷68=1.47% of company shares is being sold. If valuation was 150, math would be 1÷150=0.7%, i.e. less shares for the same cost of 1M.
So, lower valuation = more equity for early backers.
Of course, lower valuation is better for investors and provides more motivation to participate in crowdfunding campaign. I was just surprised that there is so big difference between EstateGuru & Mintos valuations. If we look at total number of investors, then in EstateGuru value of 1 registered investor = 626€, in Mintos: 198€. If we look at active investors, then in Mintos: 1 active investor = 425€, and assuming EstateGuru has similar proportion of active investors, then for them 1 active investor = 1344€.
1) 100m as valuation guestimate. If they truly get external VCs a ka proffesional investors, that should push valuation towards more humble number.
2) Market standard is that same round investors get same terms, thus Crowdcube investors should get same valuation as VCs. Only difference could be caused by Crowdcube charging a fee.
3) I think this Crowdcube campaign is mostly about community outreach/PR, not so much to attract cheap capital, then no reason to expect unfavorable terms. Mintos may be copying Monzo example https://www.crowdcube.com/explore/raising/success-stories/monzo
Either I got it wrong or Mintos used unclear language in blog post, but actually there will be two subsequent rounds, according to the investor call. First Crowdcube round of 1m in November-December, and then VC round of 15m in Q1/Q2. So defacto Crowdcube round, if successful, will serve as a proof-of-concept and market validation to VC round. Makes sense from Mintos point-of-view. And if things work out well, VC round valuation likely to be higher.
To sum up, Mintos priced the small Crowdcube round cheaply to make it a success, thus facilitating success of later much bigger and more expensive VC round.
Great research. Think you covered pretty much everything. In Fb I voted 200—250 so I expect 200M€ considering it's current market position and future products. Might be fair to say that any company that comes out of a crisis is under evaluated considering all the potential growth
I predict their own revaluation to be higher, they'll present a fantasmagorical business-plan, including results of planned projects. I guess it'll be 300M.
Great piece of work Kristaps. Given Mintos future products, including IBAN accounts, and expansion plans, to highly regulated counties such as Italy and France, I would expect 260 M
Make sure you understand that lower valuation is better. However it goes for Mintos -- good or bad.
Mintos is raising 1M. With valuation of 68M, the math is 1÷68=1.47% of company shares is being sold. If valuation was 150, math would be 1÷150=0.7%, i.e. less shares for the same cost of 1M.
So, lower valuation = more equity for early backers.
Of course, lower valuation is better for investors and provides more motivation to participate in crowdfunding campaign. I was just surprised that there is so big difference between EstateGuru & Mintos valuations. If we look at total number of investors, then in EstateGuru value of 1 registered investor = 626€, in Mintos: 198€. If we look at active investors, then in Mintos: 1 active investor = 425€, and assuming EstateGuru has similar proportion of active investors, then for them 1 active investor = 1344€.
350 M
147500
140M
210 M
Good post, my prediction is 180 М
Good calculation. I am at 150 M.