![]() Hopefully Blizzard will be able to resolve the issue soon so players can get back to Azeroth, Sanctuary, or wherever they are trying to go today. “We continue to actively monitor an ongoing DDOS attack which is affecting latency/connections to our games,” Blizzard’s customer support Twitter account tweeted this morning.ī is a frequent target of denial of service attacks, which frustrates gamers. Blizzard CS – The Americas June 25, 2023 We continue to actively monitor an ongoing DDOS attack which is affecting latency/connections to our games. The attack began last night and as of this morning, is yet to be resolved.īlizzard is aware of the issue and is looking into it. If you receive a gift for a product or game you own, contact us for assistance. If you still can't claim the item, make sure you don't already own the product you are trying to claim. The original article remains below for posterity.īlizzard’s service is undergoing another DDoS attack (distributed denial of service), which is impacting players who are trying to log into games such as World of Warcraft, Diablo IV, and more. If you have trouble claiming an item from the My Gifts page, try logging in to the App and clicking the gift icon to claim your item. What to do if a gift purchased in the Shop was not delivered. If that’s not you, don’t raise beyond a $100m valuation.īuild your company up to $20m, $30m, $40m ARR and then look and see how things look. $20m+ ARR is when a lot of good Private Equity and similar offers come in. You don’t want to be sitting on too high a valuation here where you have to say No.UPDATE: As of June 25 at 1:18pm ET, Blizzard claims the DDoS attack has ended. What to do if you claimed a gift in the Blizzard app and you selected the wrong region. So let me boil it all down to at least one point: I don’t think you need to overanalyze exit options and optionality if you just raise a small seed round.īut as you pass a $100m valuation in later rounds, remember it’s not just a game. It’s not just a number. Raise at $150m, $200m or more valuation … and that’s probably too high to generate any good acquisition opportunity. It could happen, but you have to plan for it not happening. You have to plan for IPO or Bust. There just are so, so few acquisitions at $500m+ out there in SaaS to deliver that basic 3x or more. You have to just be planning to IPO, period. ➡ And here’s the thing … at any price much more than $100m valuation, you start to enter … IPO or Bust land. These deals happen, but you probably have to hit $30m+ ARR for real to have a real shot at it. Do you see that coming anytime soon? If not, maybe don’t raise the round. ➡ If you raise a Series B at a $100m valuation, now you have to sell for at least $300m for the math to work out. There aren’t as many $100m+ acquisitions as you might think. Now there is a bit of a target on your back. IMHO, only raise a Series A round once you’re sure you have something good, with real value. ➡ If you raise a Series A at a $40m valuation, now you have to sell for at least $120m for the math to work out. ![]() ➡ If you raise a seed round at a $10m valuation, can you sell for at least $30m? Maybe, maybe not, but that’s not so high you usually need to worry too much. So each time you raise money at a certain valuation, you’re raising the price you have to sell for, and in that sense, decreasing optionality. So a lot of founders and VC talk about “optionality”, and it’s an interesting topic. How much optionality do you give up when you raise venture capital? Your VCs may be hoping to make 50x-100x their investment, but they are expecting to make at least 3x. But if you want to work with us again, you'd better pay your bills. So we shut them off a few months ago because why would we bother working with them if we aren't actually getting paid for it. The last invoice they paid for was February. They wanted to have a meeting to figure out what they can do to get us to start working with them again. Long-term partner that probably does like $200k-500k/mo with us. Some people just straight up don't pay them for months.įor example, and in fact the inspiration for this post: This is perhaps why I hate invoices so much. It's the amount of cash you have in the bank too. I always kind of thought that meant, oh I have to make sure I'm making more per month than spending. ![]() ![]() Here's something I never thought I would have to deal with when starting a company:
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