Mikael Tunneberg
๐ค SpeakerAppearances Over Time
Podcast Appearances
And that came at the worst possible time when we were in the negotiation about the valuation.
And I think we didn't get quite the best deal that we would have gotten.
And actually, I thought about maybe we should just cancel it and do it again a bit later when the situation has improved.
But then that would have been just so big a distraction for me from running the business.
So I decided maybe it's just better to do it like this.
It's not the optimal deal, but it's not a bad deal either.
So it was a decent deal.
And the valuation is, let's say, between 200 and 500 million.
I think we lost at least 50 million, if not 100 million in valuation.
Yeah, I think that's fair to say.
So the investors that...
were staying in the process.
They were more hesitant to promise a good valuation.
And then also a lot of investors just dropped out because they were having problems with other companies in their portfolio.
Also, they couldn't come to meet us physically.
And they said they never do deals without a physical meeting.
And there was just so much uncertainty that a lot of investors actually then dropped out.
I think I told you this already.
Well, I can say a more recent one.
I think I said Google Sheets last time, but it's still... Sounds like that's a good answer.