41 ms·

I was just about to make this point. How does "one click checkout" become worth $11B? (massive) Capital misallocation, i'd imagine

• jakelazaroff 4y ago
  According to a comment on another thread [1], their annual revenue is $40M. That's a valuation of 275x revenue. And they were seeking to raise another $400M at a $14B valuation [2] — 350x annual revenue! Truly mind boggling. [1] https://news.ycombinator.com/item?id=31510453 https://news.ycombinator.com/item?id=31510453 [2] https://www.theinformation.com/articles/bolt-seeks-valuation-lift-to-14-billion-weeks-after-raising-last-round https://www.theinformation.com/articles/bolt-seeks-valuation...
  • seibelj 4y ago
    I also wonder if that revenue is just the payments they process. If so then true revenue is probably ~2.5% of that.
    • jakelazaroff 4y ago
      As shady as this company is, I would honestly be shocked if they counted the full value of the payment processed as revenue.
      • deleted 4y ago
        [deleted]
• dghlsakjg 4y ago
  Also isn’t this in somewhat direct competition with Apple Pay, Google Pay, Amazon Pay and Stripe? I would not want to bet against any one of those companies, let alone ALL of them.
  • icelancer 4y ago
    Correct, and you didn't even name their toughest competitor - Shopify's one-click checkout.
    • dghlsakjg 4y ago
      Isn't shopify one-click limited to stores on their platform?