This feedback is private to you and won’t be shared publicly. Mark contributions as unhelpful if you find them irrelevant or not valuable to the article. Go here to read the counter offer he made that was a total show stopper. You'll never believe the deal Chris struck. Very easy to use and great prizes, fingers crossed for the next draw. Wonderful) offered $200 for 20% stake or valuing the business at $1 million. Choose the prize you want to win and grab yourself some entries 529 Left. She's valuing the business at $200K divided by. Lori Greiner and Kevin O'Leary went at it. The negotiations on this one were a doozy. A deal with one of these big investors would change his company's future. Signal Vault's revenues are currently $300K per year. 125 and you get $1.6 million.Ĭhris, the founder thinks his company is worth $1.6 million by making this offer.Ĭhris invested $1 (that's a single dollar bill) in the company since he invested his lotto winnings for the development. $200K is 12.5% of what number? That number is the total company valuation. My sister Madeline said she couldn't follow the numbers from my last post, so here's a better attempt to explain it. If it wasn't, this guy would have been summarily dismissed out of the gate.Ĭhris asked for a $200K investment for a 12.5% stake in his company. There are other large competitors in this space, but the need is large and it's clearly an unsaturated market. The value of the Signal Vault product? Infinite when you consider the cost of having your info stolen by a simple $25 device. If you check the Twitter feed from tonight's show, someone said she almost dropped her laptop when she heard that. That's ginormous! Did you see Mark Cuban's response? Kevin O'Leary almost started weeping over that one. That's a 95% gross margin or gross profit for the numberphobes. His cost is $.75 cents to sell a $14.95 product. Next he gets on a national TV show and has the opportunity to pitch the most sophisticated investors in the world. Their product, that looks like a credit card, placed next to your real credit or debit card, makes your debit and credit card info invisible to anyone who wants to hack your wallet.

First, he wins the lottery in Florida for $8K and invests it in his company Signal Vault. A human-readable index and guide will itemize the location of each repository and explain how to recover the data.The founder of Signal Vault, Chris, must be jumping with joy. Each repository is then packaged as a single TAR file, and for efficiency's sake, most of the data will be stored as QR codes. The snapshot consists of the HEAD of the default branch of each repository, minus any binaries larger than 100kB in size. 'The next morning, it traveled to the decommissioned coal mine set in the mountain, and then to a chamber deep inside hundreds of meters of permafrost, where the code now resides fulfilling their mission of preserving the world's open-source code for over 1,000 years.' The repository includes public code repositories and significant dormant repos. 'The code landed in Longyearbyen, a town of a few thousand people on Svalbard, where our boxes were met by a local logistics company and taken into intermediate secure storage overnight,' said Julia Metcalf, director of strategic programs at GitHub. The archive is being stored in Svalbard, Norway, a group of islands that's also home to the global seed bank. GitHub cancelled plans for a team to 'personally escort the world's open-source code to the Arctic' due to the coronavirus pandemic, leaving the job to local partners who received the boxed films and deposited them in an old coal mine on July 8. ZDNet reports: GiHub announced the archiving plan last November and on February 20 followed through with the 21 terabyte snapshot written to 186 reels of film. Microsoft-owned GitHub has finally moved its snapshot of all active public repositories on the site to a vault in Norway.

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