How is a startup valuation formed and when does the money appear? What to read?

Question

Startups

Hi hubr! This is not the first time I see articles like BlaBlaCar raised $115 million at a valuation of $2 billion, or the charging service in early April raised 431 million rubles at a valuation of 1.35 billion rubles.
Actually the question, with a superficial study, the same blablacar has nothing but a fairly simple service with clients for a mobile phone.
What to read or study to understand:
How is the assessment formed and at what stage?
On what basis are such large investments attracted and on what conditions?

Answer 1

the same blablacar has nothing but a fairly simple service with clients for a mobile phone

No one is interested in the code, service and functionality. It's not even zilch or dust. It's nothing at all, null. Everyone is only interested in the audience of the application (quality and quantity).

Answer 2

read the series Silicon Valley
three times thoughtfully
if briefly - without a place in the system , and xs how to get it except for the pedigree, it makes no sense to play these games with opicons (except with US citizenship), it’s better to
give just one example for a solid all-increasing salary - there is such gitlab, whether Ukrainian or Khzkakoy, doesn’t matter, he has investments
, here they are:
https://www.crunchbase.com/organization/gitlab-com... , look at 2018:
on September 19 he raises 100 million, already on December 10 of the same year, another 20 , for what ??? Have you eaten everything? money is tight? why didn't Goldman make it into "120 in September"?
how is that at all?
and so: the declared money is not money, but promises, and money is issued under conditions, and there are conditions ... wow ...
I took part in three investments from projects, the conditions are as follows:
the first: 500k immediately and 1500k if the number of users reaches *** within two years, there was a golden age of SMS billing, content in VKontakte, etc.... fucked up, the investor lost only 500 (of course it was 2 million)
the second: No. million, allocated in tranches, immediately after as soon as another investor enters, at the same time, Doldi and all that is being reviewed, only two tranches have been allocated for probably 6-7 years, approximately 40% of the declared amount ...
the third one - like the first one, but with a bunch of conditions when the founders will be forced to sell part of the share, while first the investor takes what was given out at a discount from the received one, and then the rest is divided proportionally to
the gitlab pumped to the exchange - in a year another 268, haha, and now last year it was overpriced, but, alas, only according to rumors , and according to the same rumors, its revenue is 100 million)) , and - based on the amount that Microsoft gave for GitHub - an equal comparison, yeah))
well, then it will go on the stock exchange and all participants in the "investments" will receive their own, at the expense of other mugs ...
how much do the founders themselves and those who make it see and receive? ))
there are no books about this, you can look through x * itu , but the harsh truth is thatone - to collect and receive, the other - to pay

Answer 3

I agree with Dimonchik
, all these startups, who grabbed their jackpot on accelerators and other imitators, eventually burst with soap bubbles in the face of "woe from brains" to investors who believe that a startup (the financial marker is not thoroughly checked) will be the same chicken for them Ryaba and they will get more on it than % from a passive deposit in a bank or from games on Forex.
A real startup, before reaching out to an investor, must earn at least $ 100 million for itself, and only at this stage it must thoughtfully let the investor into the share, and not the goat into the garden.