4 ms·
I always found it so fascinating how a new startup/unicorn that has 0 revenue can be valued at 10B when a company like Altium that has a good amount of footing
by syntaxing 5y ago
I always found it so fascinating how a new startup/unicorn that has 0 revenue can be valued at 10B when a company like Altium that has a good amount of footing in the PCB/EDA world is only valued at 3.9B
- madengr 5y agoThere are CAD companies that sell for far less that have much more complex software.
- daemin 5y agoThe startup sells a dream of immense future profit. Altium has spreadsheets full of sales, income, and expenditure which pretty much indicate what the future profit will be.
- bsder 5y agoAltium's revenue is roughly $200 million USD. MBA standard valuation on that is 10-year revenue--$2 gigabucks. $4 gigabucks is a significant premium for a company that basically has no growth. My guess is that Adobe didn't want to pay enough cash and was going to be using too much stock in the deal. Altium would be a bunch of fools for not cashing out right now, though. KiCAD is right about at the level where it is going to start eating the bottom tier of customers. Even 1000 users lost would be a big hit to their revenue. We'll probably buy one last set of Altium licenses to support current designs, but KiCAD 6 will probably become our default PCB software in the next year.