In that case the money invested in the angel round just converts into stock at the valuation of the next round, no matter how large.

在那种情况下，投到天使轮里的钱只是转换成下一轮估值的股份，不管估值多高。

youdao

In the case of Facebook, it agreed to what at the time seemed a high valuation, waived any right to special treatment should things go wrong and was willing to buy stock from employees.

以Facebook为例，DST同意以当时看来高估的价格购买，放弃任何特殊待遇并且愿意从员工手中购买股票。

youdao

At any rate, as we return to the gold standard, the new gold valuation can be whatever is necessary to allow the Fed's stock of gold to be allocated 100 percent to all its creditors.

如果我们要回到金本位，不管以任何比值，新的金价必须让美联储的黄金储备能够百分之一百的分配给它的债权人。

youdao

We believe, at present, the stock is trading at a discount to its fundamental valuation due to the negative sentiment surrounding the stock following the recent earnings release.

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