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"In March, investors—led by Benchmark Capital—invested $14 million in Quora at a valuation of around $87.5 million, say people familiar with the matter." 3 mon
by bentlegen 16y ago
"In March, investors—led by Benchmark Capital—invested $14 million in Quora at a valuation of around $87.5 million, say people familiar with the matter."
3 months before going public, already worth ~$87.5 million?
- nroach 16y ago"Quora's business model is currently unclear. [co-founder] Mr. D'Angelo ... said "if I had to guess, it would probably involve some kind of advertising at some point."
- anigbrowl 16y agoI guess they are banking on people being attracted to the clean and businesslike interface over the long term. There are already many Q&A websites & subsites, but they are variously overrun by trolls or too gimmicky, with cartoonish avatars and suchlike. Consider that Google was a late entrant into the search engine market; back in the day I used to use Altavista, Lycos and Yahoo, but all three were highly variable in terms of result quality and loaded slowly due to an excess of visual junk (because everyone thought success lay in gathering users to a portal). One day I visited Google and that was that. When they finally did introduce advertising, they made it subordinate to their own visual branding so few people found it very intrusive. My guess is that quote is trying to do something similar by establishing itself as the 'pro' solution in this niche and focusing on the creation of a persistent user base rather than seeking early revenue. I'm not feeling it, though.