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There's an instructive lesson here in how both valuation and annual run-rate are meaningless numbers without a sound fundamental business underneath. Beepi was
by dharmon 10y ago
There's an instructive lesson here in how both valuation and annual run-rate are meaningless numbers without a sound fundamental business underneath.
Beepi was valued at $500MM and had an almost $200MM annual run-rate, yet evaporated and is now worth absolutely nothing.
Who else out there has 9, 10, or even 11-figure valuations and high revenues but is actually a worthless business?
- hkmurakami 10y agoThis $200MM surely had to be GMV rather than ARR right?
- kak9 10y agoYup. People sometimes use ARR to mean multiple things. Previous poster was referring to run-rate which likely was the run rate for GMV--versys ARR which I assume you mean as annual revenue
- chriswilmer 10y agoOh weird, this exact comment was also posted on reddit (r/business) What's going on?
- dharmon 10y agoWasn't by me.