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I'm gonna just go ahead and say this, does anyone else think this is a bit silly? $41m. There's no getting away from the fact this is just an app that shows yo

• ChuckMcM 16y ago
  Absolutely, but that is what makes the speculating fun. You have to ask, what possible story could you spin around what they have that justifies $41M pre-revenue. Even assuming a healthy multiple of 20, and investor exit of $250M you're talking about projected earning of $12.5M with a gross margin of say 60% that's like $21M/yr in revenue. And I'm assuming an ABC round (which is to say the would expect to not do another round prior to some liquidity 'event'). But they clearly have a good story and their investors are happy. So silly or not, its the path they've chosen. It reminded me of this blog posting I ran across: http://www.gamesbrief.com/2011/02/50-questions-why-too-much-money-will-kill-your-company/ http://www.gamesbrief.com/2011/02/50-questions-why-too-much-...