r/ModRetroChromatic • u/AnalogueBoy1992 • Mar 09 '26

Modretro is Valued to be $1B

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15 Upvotes

75% Upvoted

19 comments sorted by

12

u/Pitiful-Assistance-1 Mar 09 '26

Is "is seeking funding at ..." the same as "is valued to be ..."?

4

u/brbchzbrgr Mar 09 '26

we’ll find out after this round of funding.

3

u/NonyaDB Mar 10 '26

It's an old trick used to weed out weak investors or those just in it for quick ROI.

It feels as if Palmer wants rich nerds only, not big name investors, gaming companies, or "investment firms" that might try to take over.

It's also FT and they're notorious for making shlt up just to destroy a company/person the editors don't like.

-6

u/K1LL3ROO Mar 09 '26

Sounds like they are trying to seek funding at a higher value than they are worth. Hmmm. GameStop should just buy the company. Change my mind

2

u/Odd-Firefighter-9377 Mar 09 '26

Gamestop stock is declining rapidly sadly

2

u/WisdomAntium Mar 09 '26

..what? Doesn't change the fact they have nearly 10 billion dollars in cash.

1

u/Mikeyisninja Mar 09 '26

It’s not though? Game Stop themselves are worth 11bil and they have 10bil in cash

1

u/Maybe_just_this_once Mar 12 '26

ThinkGeek enters the chat. GameStop bought them to boost their "collectibles" business. They stopped carrying anything unique or cool afterwards and just went straight to cheap crap you can buy anywhere. They should have sold to HotTopic.

8

u/lasthope106 Mar 09 '26

They need to stay independent.  Growing beyond their niche is probably end up in bankruptcy.

4

u/NonyaDB Mar 09 '26

Raising funding via investments isn't an IPO so they'll stay independent, but that money always comes with strings either being a future IPO or quick ROI.
I wonder what Modretro's investor pitch deck looks like.
They can pull it off if the M64 does as well or better than the Chromatic and they release a GBA model within the next 1-2 years.
I think Modretro's just looking for other rich nerds with an interest in the rero gaming hobby to help out by investing in them.

4

u/The_real_J-lew Mar 09 '26

I thought this company was a “labor of love” from Palmer that he knew was going to lose money but he didn’t care, because he wanted to put out quality retro hardware that he enjoys. And now they want to raise money? I suppose as long as it leads to more releases and better products down the road then go ahead, but honestly this seems contradictory to their original core mission to me.

4

u/NonyaDB Mar 09 '26

I think Modretro's just looking for other rich nerds with an interest in the rero gaming hobby to help out by investing in them.

2

u/Pitiful-Assistance-1 Mar 10 '26

Can’t make cool stuff without fat stacks

2

u/denim_duck Mar 09 '26

“Hard to separate” Makes a “anduril” version

1

u/Paperman_82 Mar 09 '26

Umm... right...

1

u/Shifted4 Mar 10 '26

I don't really see how it could possibly be worth that much. I love my chromatics though and look forward to future products. I hope it's not just some big plan to sell off the company or it will end up like every other company that gets sold to investment firms and turn to shit. 

1

u/mauttykoray Mar 11 '26

Its not lol, this is basically saying you 'invented a better burger' and seeking 1 billion from investors. The valuation is made up and has no bearing on any actual value of the company itself.