Originally Posted by
BeatNavy
Until it’s publicly traded, it’s kind of hard to place a valuation on the company. And that 5x was based on a basically self-proclaimed 1.5bn valuation if I’m not mistaken. Pretty aggressive if you ask me. I’m not saying that early investors won’t do well. It probably will. I’m not arguing the merits of an investment in breeze. I am arguing that they are underpaying, and as a start up, ought to at least be providing equity in the company to compensate for low wages and poor work rules. But, no real reason to do it when “it’s better than my regional, barely” keeps classes full, and attrition doesn’t cancel flights or cost more money in hiring/training than paying enough to keep people.
it isn’t “self-declared”. Valuations are based on what other internal investors paid for in the subsequent round. And it isn’t just friends and family. There is some real money behind it.
it isn’t liquid but it also isn’t a scam either.