@d
$RNBW set out to TGE at 100M, market corrected to 46M
Consumer companies trade at 6-15x price / sales (Robinhood, Coinbase, Nu, Revolut)
RNBWs annualized revenue is 2.6M
If we use the 10x median, it’s a 26M FDV
Don’t get me wrong, the team is killer, with 180k MAUs and a great product, but markets are becoming more wary
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