Yah, that 48 number doesn't mean much, which is why I was asking if they have released any user or rev numbers. I know some startups did at Demo day, but I guess they didn't or someone would have tweeted or wrote about it.

Would be helpful to pin down the factors that led to Sequoia to invest $12 and take only a little more than 20% of the company.

Does anyone have any idea of their numbers? Even just estimates of users and revenue. I ask because $12 mill Series A is definitely on the high side, and I'd love to know what numbers helped them get that valuation. (I know there are other factors like the team, market size, momentum, etc).

Disagree. It's not that overpriced to have a native SSD pre-installed for $250. Sure, it's more than buying it alone, but most other companies would charge similar prices for Apple is doing here.