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$9M in annual revenue with possible fundraising valuing Substack at $750M-1B? Wow, even when the markets were hot and valued growth, that's a really aggressive
by Spartan-S63 4y ago
$9M in annual revenue with possible fundraising valuing Substack at $750M-1B? Wow, even when the markets were hot and valued growth, that's a really aggressive valuation. We're talking 100x revenue, which is insane to me. Sounds like they're doing what they should be by trying to run off revenue, plus some cash in the bank. I think the days of hyper-growth startups are over — at least until markets improve and/or the Fed returns to QE policies.
- danielmarkbruce 4y agoThere seems to be more of these than most folks(incl. me) realized. High 100's of millions to a billion valuation for companies doing high 100s of thousands to single digit millions of revenue. This, fast, a few others I've heard of privately.
- hiyer 4y agoI know of a company that was valued at ~6 billion at 40 million revenue, and is now valued at ~11 billion at just under 100 million.
- vasco 4y agoI know of a rock in my street that is worth trillions, since carved a tiny bit of it for €5.
- disgruntledphd2 4y agoDoes it keep tigers away?