I don't know enough about venture funding. Did $230M really get transferred into World Labs bank account, or is this a "commitment" of $230M which is trickled out a few million at a time?
Before: You and your cofounders share 100% of the stock in your company that's valued at $X.
After: Your company now has everything it had before plus $Y worth of "something" from the VCs. Your company is now valued at $X plus $Y. The VCs now hold stock in your company worth $Y. You and your cofounders still hold stock your company worth $X.
"Something" might be anything. Cash, stocks, commitments to resources, whatever.
What would have to be true for this to be worth $100 billion after 5-10 years?
https://www.crunchbase.com/organization/world-labs