Elon Musk is Paying Too Much for Twitter

Will Twitter's Board Agree to a More Reasonable Price?

Last week I was approached to participate in a Special Purpose Vehicle “SPV” to invest with Elon Musk to take Twitter private. The deal was straightforward:

Twitter SPV
Valuation: $44B
Min Investment: $250K
Fees: $18K (SPV formation)
Carry: 10%

With just 24 hours to express interest, I couldn’t help but think the valuation no longer made any sense. If the val…