-64%

est. 2Y upside i

Quo (fka OpenPhone) is the collaborative phone system trusted by teams at over 90k businesses. It brings your customer calls, texts, and contacts into an intuitive, AI-powered app that works across all your devices.

Rank

#3797

Sector

B2B SaaS

Est. Liquidity

~3Y

Data Quality

Data: Low

Equity upside is highly uncertain and likely negative under base/bear scenarios.

Last updated: July 3, 2026

Bull (20%)+79%

AI leadership and IPO window sustain 65x multiple; 24mo revenue reaches $22.4M, exit value $1,456M. After $161M preference, common residual $1,295M yields 99% raw upside, diluted to 79%.

Base (35%)-100%

Multiple converges to comp range (4x); exit value $89.6M below $161M preference, common gets zero. Raw upside -100%.

Bear (45%)-100%

Multiple compresses to 2x due to incumbent competition; exit value $44.8M, below preference, common recovers nothing. Raw upside -100%.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Funding Intensity

25%

Total preferred stock of $161M represents 24.8% of the $650M valuation, creating a significant overhang that wipes out common in exits below $161M.

Dilution Risk

high

With $10M ARR and likely cash burn of $15-20M/year, a further raise within 24 months is probable, diluting common by 15-25%.

Secondary Liquidity

none

No secondary market activity noted; common stock is illiquid until an exit event.

Other — 1 role

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Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How will you differentiate from RingCentral and Zoom Phone's AI offerings?”

  • 2

    “What is your current net dollar retention and churn rate for SMB customers?”

  • 3

    “What is the 409A valuation per share and how does it compare to the round price?”

Community

Valuation Sentiment

Our model estimates -64% 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.