4 ms·

I'm guessing that the valuation came from this joke PR piece: https://m.signalvnoise.com/press-release-basecamp-valuation-tops-100-billion-after-bold-vc-investm

• mcphage 8y ago
  I hope so, because while I mostly like Basecamp, and I completely agree with the point of that stunt, the idea that Basecamp is a $100 billion company is completely ridiculous. I mean, that's why he did that—because valuations are so meaningless.
  • itronitron 8y ago
    Given that several companies with obscene valuations have never recorded any profit, this seems fair.
• tdumitrescu 8y ago
  And if the article's author is aware of the joke, she really doesn't indicate it: "The company, which changed its name to Basecamp in 2014, has been valued at $100 billion dollars and has annual profits in the millions of dollars."
  • deleted 8y ago
    [deleted]