4 ms·
"$3B is an outlandish valuation, especially considering they were valued at less than half that ($1.3B) in a round a mere 6 months ago." Sorry, that doesn't me
by chaddera 16y ago
"$3B is an outlandish valuation, especially considering they were valued at less than half that ($1.3B) in a round a mere 6 months ago."
Sorry, that doesn't mean anything. Companies' valuations can change drastically based on new numbers on their income statements. If you're going criticize the company, at least look at its earnings multiple.
- prodigal_erik 16y agoDo they have a sustainable competitive advantage? Their assets seem to be a large sales force, an unsurprising web presence, and a user base who could easily subscribe to several rivals simultaneously. It should be possible to build a viable competitor for far less than $2.5M per employee per year.