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I’m wondering what the ARR looks like now. I read here on HN that Bolt had $40m in revenue last year with an $11b valuation. I have no idea if that revenue num
by RexM 4y ago
I’m wondering what the ARR looks like now. I read here on HN that Bolt had $40m in revenue last year with an $11b valuation.
I have no idea if that revenue number is real, or if I’m misremembering.
- imachine1980_ 4y agoRevenue isn't profit, you can have higher revenue if you spend 100 dollars to get 90 dollar return, this is the problem right now much companies allow to spend well over what they should, maybe bolt should be a 40 employes companies not 900(linkedin), and a marketing budget of 10 millions not 100 million (no data here)
- foobiekr 4y agoUber has been the king of this approach for years. Subsidized rides.
- nbstme 4y agoGood for us as consumers, not for Uber biz haha!
- solarkraft 4y agoIt's impressive for how long they've been able to do this.
- nbstme 4y agoYes! If you were raising at 100x ARR it means that $1 of ARR generated $100 of market value. In that sense, it made sense to burn $100 to acquire $1 of revenue. Of course, when the reversion to the mean hit and companies trade at 7x ARR, it doesn't make sense to spend that much. Unfortunately, most startups won't be able to adapt their expenses to this new environment.
- solarkraft 4y agoFor sure, but that means their profit is definitely below 40M$.