Quo (fka OpenPhone)

-69%

est. 2Y upside i

Series D+

The all-in-one business phone for teams.

Rank

#3827

Sector

Communication Software

Est. Liquidity

~4Y

Data Quality

Data: Medium

Equity upside is deeply negative with expected loss of ~69% over 2 years.

Last updated: July 3, 2026

Bull (20%)+56%

Revenue grows to $17.6M in 2 years; exit multiple holds at 65x via IPO window, yielding $1.145B exit, +76.2% before -20% dilution.

Base (35%)-100%

Revenue to $17.6M; multiple compresses to 5x (public comps), exit $88M, -86.4% plus dilution leads to -100%.

Bear (45%)-100%

Revenue disappoints; multiple drops to 2x, exit $35M below $161M preference stack, common stock recovers -100%.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

2477%

$161M preferred stock represents 24.8% of $650M valuation, creating significant overhang for common.

Dilution Risk

high

With $10M ARR and $105M recent raise, further funding likely needed within 2 years, diluting common by ~20%.

Secondary Liquidity

none

No secondary market activity reported; shares likely illiquid until exit.

Other — 1 role

Last updated: March 10, 2026

Questions to Ask at the Interview

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

1
“How will you differentiate from RingCentral and Dialpad as they integrate AI?”
2
“What is the path to profitability given current growth and burn?”
3
“What is the expected timeline to liquidity, and are there secondary market opportunities?”

Our model estimates -69% 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.