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5246.935 - 5267.147 Ben Gilbert

In the meeting, Reid brings along a young guy who's working for him at LinkedIn named Matt Kohler to come help, you know, talk to Peter, evaluate this from an investing standpoint. They strike a deal. That Peter's going to lead a round of $500,000. Reed and Mark Pincus are each going to invest $37,500. Peter's going to do the rest at a $5 million pre-money valuation. So $5.5 million post.