Generally the multiple expected is lower for later stage rounds as there's less risk. Also Sequoia wouldn't have got anywhere near 35%.
That said the investors would certainly be looking for >$1bn exit.
That said the investors would certainly be looking for >$1bn exit.
Bingo!
I don't think anyone would be interested in taking a round that would dilute us this much, especially when the need for money is not pressing.
I was just wondering about some scenarios where Docker could achieve that kind of price.
disclaimer: I work at greylock, who was an earlier investor, though have _zero_ inside knowledge of the deal as I work on unrelated stuff.