Jet.com not yet on line valuations are affecting people

Source: Internet
Author: User
Keywords Commerce
Tags based close company convertible financing get high ipo

Beijing time February 12 Morning news, although the online market jet.com has not yet on the line, but has been close to 600 million U.S. dollars to obtain a new round of 140 million dollar financing.

Few e-commerce start-ups can get such high valuations before they are officially released. This round of financing is in the form of a convertible bond, making the company's total financing up to $220 million trillion so far.

Even at the height of the. com bubble, Amazon received less than $10 million trillion in funding only before the IPO in 1997. After the inflation adjustment, the company's IPO (initial public offering) was valued at $600 million and financed 54 million dollars. Although Amazon was just an online bookstore, it was also ambitious.

Jet.com investors include Google VCs, Goldman Sachs, Coatue Management. In fact, the founder of Jet.com was already a veteran of the electric business, who founded the diapers.com parent company Quidsi and was bought by Amazon in 2010 for $550 million. Jet.com investors also included Accel and new Enterprise Associates.

As Jet.com's new investor, Jeff Crowe, partner of Norwest Ventures Partners, said Jet.com would combine Amazon's market model with a more market-ready membership model.

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