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VCs told Quantum Metric's CEO that his startup should be valued at $1 billion, but he discovered taking on a $25 million loan was a better deal

13 days ago   |   By Business Insider

Summary List Placement
In February, Quantum Metric CEO Mario Ciabarra was fielding calls left-and-right from venture capitalists eager to pour funding into the company.
"We weren't actually trying to raise any specific amount of money," he told Business Insider. "Of course, we entertain conversations cause it's great to get to know folks. And we started getting term sheets that were unsolicited."
Investors were also valuing the young startup at roughly $1 billion, he said. That's an eye-popping valuation for a company that launched in 2011, especially considering that Quantum Metric's last...
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