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Flipboard Confirms $50 Million Funding at $200 Million Valuation
- ZackOfAllTrades 15y agoAt least they had released an app before going for funding.
- gte910h 15y agoWonder what their revenue so far is.
- timmaah 15y agoHow do they have any revenue? Unless they charge to be in the branded "Flip" feeds?
- gte910h 15y agoYeah, that's why I'm wondering what their revenue is so far.
- benofsky 15y agoThe BusinessInsider article [1] refers to them as a "pre-revenue company", so, not much? [1] http://www.businessinsider.com/flipboard-funding-2011-4 http://www.businessinsider.com/flipboard-funding-2011-4
- il 15y agoFrom the article: "The elegant Flipboard–which McCue recently told me in an onstage interview at the South by Southwest conference in Austin had zero revenues thus far"
- dstein 15y agoLike the last internet bubble, companies with no revenue are valued higher than companies with revenue. I guess having no revenue obscures the difficulty in monetizing the business.
- Julianhearn 15y agoHoŵ the f is this worth $200m?
- rhygar 15y agoI like Flipboard, but... how are they going to reach a decent enterprise value/sales ratio?
- deleted 15y ago[deleted]
- devindotcom 15y agoI think it's an interesting app, but... with all their content provided by other people, and a purposely simple, procedurally-generated interface, what the hell do they even need $50m for? What investor would say "yeah that sounds like a reasonable amount to continue developing an app that is already pretty much done" - I'd like to meet him.
- SriniK 15y agoThis is one of those investments where vcs looking to ride waves (read social/mobile/cloud) + Mike McCue is a serial entrepreneur. Statistics are in favor of those two. ipad's killer app is still browsing, and magazines. These guys might become digital press for all the magazines and newspapers out there.
- suking 15y agoThe founders/early investors could have been taking $ off the table so it wasn't all new shares... Just a possibility.
- sushumna 15y agoFunding is going crazy....it was Color last time, now it is Flipboard...just for APPs. Sounds like another Bubble.
- daimyoyo 15y agoDo you hear that? It's the sound of a bubble just before it breaks. Better raise that next round now, fellas.