-79%

est. 2Y upside i

DevOps & Infra

Rank

#3575

Sector

Web3 / Decentralized Physical Infrastructure Networks (DePIN)

Est. Liquidity

~3Y

Data Quality

Data: Low

Joining Filecoin at this stage carries very high risk.

Last updated: July 3, 2026

Bull (10%)+112%

IPO window and DePIN category leadership sustain current 650x multiple; exit valuation ~$4B, but 20% dilution reduces net upside to 111.8%.

Base (50%)-100%

Multiple converges to 15x, revenue $6.1M, exit $91.8M, far below $258M preferred stack, common recovers -100%.

Bear (40%)-100%

Multiple collapses to 2x, exit $12.2M, well below preferred, common worthless.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

15%

Total preferred $257.9M over $1.7B valuation = 15% overhang, moderate risk.

Dilution Risk

high

Given no round since 2017, a capital raise within 24 months is likely, diluting common by 15-25%.

Secondary Liquidity

moderate

Secondary market exists (implied val $1.7B) but may be limited due to token regulatory status.

Questions to Ask at the Interview

Strategic questions based on Filecoin's data — designed to show you've done your homework.

  • 1

    “How does Filecoin plan to grow revenue from $2.6M to justify its $1.7B valuation?”

  • 2

    “What is the path to profitability given token-based revenue and capital intensity?”

  • 3

    “How do you evaluate equity value vs. token value in this context?”

Community

Valuation Sentiment

Our model estimates -79% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.