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A billion dollar valuation implies billion dollar expectations. They must surely be well on their way to $100M ARR in order to attain a valuation this high - an
by ttul 6y ago
A billion dollar valuation implies billion dollar expectations. They must surely be well on their way to $100M ARR in order to attain a valuation this high - and likely at 100% annual growth rates. I'd say congratulations are in order.
As much as there are examples from history of companies that have blown venture capital on stupid things, I think Redis Labs has a good shot at reaching the holy grail of an IPO.
- dvirsky 6y agoBeing a former Redis Labs employee (disclaimer: I own a few shares), I can attest that their leadership has a scrappy ethos and this is a company that doesn't waste money on stupid things.
- sjg007 6y agoHow does redis make money?
- dvirsky 6y agoHosted cloud redis and enterprise redis. It's all in their website.
- treeman79 6y agoI used it a few times. Pricy, and worth every penny. Made my life so much easier
- dvirsky 6y agoDo you mean the hosted or enterprise versions? The enterprise version is a behemoth (in a good way). Tuning an open source redis to be able to do what it does is nearly impossible.
- treeman79 6y agoRedid labs. Click a few buttons it gives me an URL to point my apps at. Now and then I’d get an email, hey instance X needs more memory, click here to see what’s going on, or just drag the slider to a higher plan. Worked great, Hardest part was giving good names so I could remember what each instance was for.
- simonebrunozzi 6y agoI doubt you need to be close to $100MM in ARR to raise at this valuation, given the current state of affairs. My guess is that fast growth + $35-40MM in current ARR should have sufficed. Just my 0.02.
- ttul 6y agoYeah, you could be right. 20x ARR is not unheard of. Cloudflare was trading at 30x recently.