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Something interesting On their last raise @ $3.7b it was thought they were doing around $64m/year - so a 57x of revenue! On this round they're raising @ $5b w
by aresant 9y ago
Something interesting
On their last raise @ $3.7b it was thought they were doing around $64m/year - so a 57x of revenue!
On this round they're raising @ $5b with $200m/yr - a ~25x of revenue valuation.
(1) http://www.businessinsider.com/thrive-leads-slacks-round-of-financing-at-a-37-billion-valuation-2016-3 http://www.businessinsider.com/thrive-leads-slacks-round-of-...
- nopatternhere 9y ago... which makes complete sense. The multiplier eventually falls to the P/E of a stock standard public company, which is what, 12? Lets just say 12. The investors need to give a solid X if they expect the value to grow, as the founders want to keep a high %. So 57X -> 25X is about the right track.