6 ms·

That's close to Basecamps valutation :) https://medium.com/@jasonfried/press-release-basecamp-valuation-tops-100-billion-after-bold-vc-investment-c221d8f86ad7#.

That's close to Basecamps valutation :) https://medium.com/@jasonfried/press-release-basecamp-valuation-tops-100-billion-after-bold-vc-investment-c221d8f86ad7#.k5znmketf https://medium.com/@jasonfried/press-release-basecamp-valuat...

myth_buster 11y ago
Reminded me of the SV episode where Russ Hanneman asks Richard to not generate revenue because once you do people would start quantifying it. If they don't generate revenue then the sky is the limit!
- tomasien 11y ago
  They make a ton of revenue....
  - myth_buster 11y ago
    They make a ton of revenue.... I was commenting on the medium article linked which said... In order to increase the value of the company, Basecamp has decided to stop generating revenue. “When it comes to valuation, making money is a real obstacle. Our profitability has been a real drag on our valuation,” said Mr. Fried. “Once you have profits, it’s impossible to just make stuff up. That’s why we’re switching to a ‘freeconomics’ model. We’ll give away everything for free and let the market speculate about how much money we could make if we wanted to make money. That way, the sky’s the limit!”
    - tomasien 11y ago
      GOTCHA gotcha.
toby 11y ago
I swore I had read this before... https://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment https://signalvnoise.com/posts/1941-press-release-37signals-...
- jedberg 11y ago
  They re-release it every time some company gets a crazy valuation based on a small investment.
  - viscanti 11y ago
    A small investment of 2B.
    - jedberg 11y ago
      Small as in percent, not dollar amount. :)
      - viscanti 11y ago
        At $2B, I think the money talks. There's certainly some threshold where dollar amount matters. It's trivial to throw away a dollar. There are very few places that can afford to be as flippant with $2B. At some point, you're voting with dollars, and the percentage becomes much less relevant.

myth_buster 11y ago

Reminded me of the SV episode where Russ Hanneman asks Richard to not generate revenue because once you do people would start quantifying it. If they don't generate revenue then the sky is the limit!

tomasien 11y ago
They make a ton of revenue....
- myth_buster 11y ago
  They make a ton of revenue.... I was commenting on the medium article linked which said... In order to increase the value of the company, Basecamp has decided to stop generating revenue. “When it comes to valuation, making money is a real obstacle. Our profitability has been a real drag on our valuation,” said Mr. Fried. “Once you have profits, it’s impossible to just make stuff up. That’s why we’re switching to a ‘freeconomics’ model. We’ll give away everything for free and let the market speculate about how much money we could make if we wanted to make money. That way, the sky’s the limit!”
  - tomasien 11y ago
    GOTCHA gotcha.

toby 11y ago

I swore I had read this before... https://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment https://signalvnoise.com/posts/1941-press-release-37signals-...

jedberg 11y ago
They re-release it every time some company gets a crazy valuation based on a small investment.
- viscanti 11y ago
  A small investment of 2B.
  - jedberg 11y ago
    Small as in percent, not dollar amount. :)
    - viscanti 11y ago
      At $2B, I think the money talks. There's certainly some threshold where dollar amount matters. It's trivial to throw away a dollar. There are very few places that can afford to be as flippant with $2B. At some point, you're voting with dollars, and the percentage becomes much less relevant.