Dubai Used-Car Startup Turns to U.S. Seeking $1 Billion Value - Bloomberg Business:
"SellAnyCar.com has shown that used-car sales in the Middle East can be turned into a point and click exercise. Now its founder is hoping that U.S. venture capital investors will give his company a $1 billion valuation.
Saygin Yalcin met with investors in New York and California this month, seeking to raise as much as $100 million to help fund an expansion into Europe. The fundraising could value his company at about $1 billion he said in an interview in New York.
Yalcin, 31, is coming to the U.S. to capitalize on soaring private valuations and record fundraising by venture capital firms. American venture funds had an estimated $76 billion in uninvested capital at the end of 2014, compared with just $1.5 billion for those in the Middle East, according to PitchBook Data Inc."
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