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ted (not lasso)
@ted
fun thought experiment: let's say erewhon, hypothetically, just raised another round of private equity. for those unfamiliar, erewhon is an LA-based a high-end organic and natural food supermarket chain with 10 locations. last round was in 2019 with 5 locations. what would you guess the most recent valuation is?
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tldr (tim reilly)
@tldr
$1B? Whole foods got $35M per store from amazon, Shake Shack $10M per from market. This could get me to $200M for E's present value ($20Mx10 locations). From that baseline I could get to $500M, as a ~10% chance of a killer nation-wide scaling. But guessing they found buyers 2x crazier than my optimistic case = $1B.
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