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Nice work. Are you able to give some ball park figures around what this sort of thing has cost / yearly revenue for the site? e.g. are we talking low 10s, high
by ElCapitanMarkla 6y ago
Nice work. Are you able to give some ball park figures around what this sort of thing has cost / yearly revenue for the site? e.g. are we talking low 10s, high 10s, 100s, millions...
- nathanstitt 6y agoDefinitely not millions, more like mid 10s :-D A good rule of thumb for valuing a SaaS is to take trailing 12 months revenue and multiply by 2-5 depending on the growth potential of the the business. In this case it was at the bottom end of that scale due to signups having slowed to a trickle. I valued it a bit more since it has a huge list of past customers. My hope is that once the updates are completed I can convince at least some of the to resume subscribing by a tasty "6 month free" type offer.