an FT.com article put paid subscribers at 1 million, 15% of their user base. They've just closed $100 million of funding. Based on the FT ratio the projections

an FT.com article put paid subscribers at 1 million, 15% of their user base. They've just closed $100 million of funding. Based on the FT ratio the projections equate to 7.5 million paid US subscribers. They'll need to retain those customers to make a return and the market is very competitive. More crazy valuations.