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Current revenue is not the right to focus on for an early stage acquisition. They collectively raised $13M through the Series B in May 2010 and were acquired f
by tedmiston 4y ago
Current revenue is not the right to focus on for an early stage acquisition.
They collectively raised $13M through the Series B in May 2010 and were acquired for $212M cash in December 2010 (technically ~$250M for the whole deal).
A ~16–19x return, especially that early, is pretty excellent.
That speaks to the product itself and its future growth potential and place in the market more than current revenue.
- tedmiston 4y ago*that should say not the right metric to focus on...