Vise

-71%

est. 2Y upside i

FinTechSeries C

Rank

#3854

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Low

Given a stale $1B valuation from 2021 on $24M revenue, the expected equity upside over 2 years is -71%, implying significant downside risk.

Last updated: July 3, 2026

Bull (20%)-32%

Exit at 15x forward revenue ($810M) driven by IPO window and category leadership; after $125M preference common return is -31.5%.

Base (35%)-69%

Exit at 8x forward revenue ($432M) converging to public comp range; after preference common return is -69.3%.

Bear (45%)-91%

Exit at 4x forward revenue ($216M) due to incumbent competition; common recovery just above preference yields -90.9%.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

1250%

Total preferred liquidation preference of $125M represents 12.5% of entry valuation, moderate overhang for common stock.

Dilution Risk

low

With $30B AUM and growing, company likely generates sufficient cash to avoid near-term dilution.

Secondary Liquidity

none

No secondary market observed; equity illiquid.

Other — 1 role

Last updated: March 10, 2026

Questions to Ask at the Interview

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

1
“How does Vise plan to defend against BlackRock's Aperio and Vanguard's direct indexing?”
2
“What is the path to profitability given the high regulatory compliance costs?”
3
“How is the employee equity valued given the stale 409A valuation and preference stack?”

Our model estimates -71% upside. What do you think?

Anonymous. Do not share material non-public information.

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