Early Investor: I Backed Unicorns at Post-Money Valuations From $7M to $50M

MartinGTobias · x · 2026-09-05

Investor Martin Tobias says he wrote the first check into unicorns at post-money valuations ranging from $7M to $50M. His takeaway: what made them unicorns was the team and execution after the round, not the starting valuation.

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