Prolly worth noting that all of the "value-based" exits were basically talent acquisitions of essentially just the founding team (though the Auctomatics had a c

Prolly worth noting that all of the "value-based" exits were basically talent acquisitions of essentially just the founding team (though the Auctomatics had a couple employees). I think the effect we're seeing here is that it takes more than a year to build your company up to a multi-million dollar valuation. Community sites have the upside of being able to show traffic numbers as a proxy for value, but ultimately no matter your space, if you want a $15 million exit, you can't sell out six months in for $2 million.