Pinterest was founded two years ago.
Now VCs say they'd invest at a $1 billion valuation if Pinterest were to raise a new round. It raised $27 million at a $200 million valuation last October.
That means they think Pinterest will be worth anywhere between $3 and $10 billion. (Nobody invests to make zero return. They invest to make a 3-10X return, thus investing at a $1 billion valuation means they think it'll be worth $3-$10 billion.)
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