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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
by 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 agoI also wonder if that revenue is just the payments they process. If so then true revenue is probably ~2.5% of that.
- jakelazaroff 4y agoAs 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]