Exactly it's (if I'm correct):
€4,493,170 - 17%
€26,430,411 - 100%
Wow, just see that it's in Euro. Didn't recognize. So you are nearly right.
In Dollar it would be $ 29.169.923 - if I didn't make a mistake.
https://bnktothefuture.com/pitches/factom-series-aI can only guess/speculate how it's evaluated. Maybe they sit together with Bank of the Future and analyze all what's there and how much it could be worth. I doubt that it's possible to do it totally objective. I mean, how to evaluate the code for the system...
But maybe bigger VC-Investors get deeper informations about how it was evaluated and they can decide if they agree or not - if not, they don't invest. It's also possible that they already got offers to sell the whole company and maybe there were offers in that range. I don't believe it because most likely there are not many who would be able to overtake Factom, but it's possible because it's not that rare that a team or sometimes just one person builds a start-up and sells it in the early days.
But, please no misconceptions: I'm speaking about evaluations not that they really would sell the company. Hope they will never do that.
Some months ago it was this:
Blockchain Project Factom Raises $400k at $11 Million Valuation
http://www.coindesk.com/blockchain-factom-400-funding-11-million-valuatoin/And I believe it's a very positive sign that it's value has nearly tripled since that. Even more if they give deeper infos to potential VC-Investors. The fact that the $4.5 Mio is nearly filled long before the deadline, could be seen as a sign that Investors agree that Factom is worth the $29 Mio and they see potential for more. They wouldn't buy if they wouldn't believe in it. In best case VC-Investors have some facts we don't know about yet. It's highly speculative, but if that should be the case it's about good news yet to come.
If I'm wrong it's at least obvious that there are VC-Investors who believe in Factoms future. And why not. It may be a risk, but it could be great "bet". If I would be rich I also would try to get shares, not "just" Factoids - even if I think that Factoids are also a great Investment maybe even better.
And what's also interesting: The value of Factom as company and the value of Factoids will be connected in future. Most likely never totally, but Factom's value (as a company) also will depend on how much the system will be used. Maybe they also sell applications they develop for companies but it would be basically the same. It would be (maybe already 'is') about customized applications for customers to use the system as effective as possible - for a specific use case.
All together: A lot of good signs lately. Nothing that's totally safe yet, but I can't think of realistic bad scenarios while they are obviously wanted regarding VC-money, are awarded from DHS, etc. And I really like it to see that Peter Kirby speaks about land-title-registry in that way.
