20 million US dollars? To be honest, that valuation was a bit higher than Glenn had anticipated; he had initially planned to offer 15 million US dollars for Byte Software.
However, after looking at the sales figures for Teams from the past month, Glenn felt that a price of 20 million US dollars was acceptable.
Software companies are different from other hardware manufacturing companies in that they have virtually no production costs, nor do they involve large scale investment.
Most crucially, Teams was already on the market, and all that was needed moving forward was to expand its distribution channels, leaving venture capital firms to simply wait for the profits.
This was a deal with virtually no risk; although the offer was a bit high, Glenn believed it was worth Mayfield's wager.
After briefly pondering, Glenn picked up the phone to gather information. Having access to Teams' sales figures, he naturally had channels to find out who had been in contact with Dean recently.
