4 ms·

Hey, congrats on the round! $80m is a monster raise, really impressive. Are you able to discuss your revenue numbers at all? I'd be really curious what type of

Hey, congrats on the round! $80m is a monster raise, really impressive. Are you able to discuss your revenue numbers at all? I'd be really curious what type of growth you're experiencing that has allowed you to raise as much as you have, and so quickly. We've been seeing 5-10x projections on revenue for Series B, so I'm guessing you're closer to $10m than $5m in ARR. Regardless, congrats again. The product looks really interesting, and I'll keep it in mind in the future for any projects that fit the bill.

kiwicopple 4y ago
It's unlikely we'll discuss revenue numbers unless we ever decide to go public. Doing so would make us the target of the wrong sort of attention (people analyzing our financial viability, rather than focusing on the product). See Databricks as an example here[0] - "I promise that we’re not picking on Databricks for any reason other than that it committed the well-known sin of being more transparent than is traditional during its growth phase." It sounds like you're fundraising yourself, and if you are then keep in mind that we closed this round in April. The markets have changed significantly since them. Feel free to reach out directly if you want my personal opinions of the market conditions (my contact details are in my profile) [0] https://techcrunch.com/2022/04/19/rethinking-databricks-valuation-amid-a-changing-market/ https://techcrunch.com/2022/04/19/rethinking-databricks-valu...
BobbyJo 4y ago
Multiples for Seed - Series C can vary wildly depending on a company's TAM, team, GTM strategy, among other things. I've seen series Bs at 100x revenue in hot spaces. M&As tend to be priced more consistently against revenue, due to the change in risk profile for the buyer, and even those multiples can have extreme differences.

4 ms·

Hey, congrats on the round! $80m is a monster raise, really impressive. Are you able to discuss your revenue numbers at all? I'd be really curious what type of

by ryanSrich 4y ago

kiwicopple 4y ago
It's unlikely we'll discuss revenue numbers unless we ever decide to go public. Doing so would make us the target of the wrong sort of attention (people analyzing our financial viability, rather than focusing on the product). See Databricks as an example here[0] - "I promise that we’re not picking on Databricks for any reason other than that it committed the well-known sin of being more transparent than is traditional during its growth phase." It sounds like you're fundraising yourself, and if you are then keep in mind that we closed this round in April. The markets have changed significantly since them. Feel free to reach out directly if you want my personal opinions of the market conditions (my contact details are in my profile) [0] https://techcrunch.com/2022/04/19/rethinking-databricks-valuation-amid-a-changing-market/ https://techcrunch.com/2022/04/19/rethinking-databricks-valu...
BobbyJo 4y ago
Multiples for Seed - Series C can vary wildly depending on a company's TAM, team, GTM strategy, among other things. I've seen series Bs at 100x revenue in hot spaces. M&As tend to be priced more consistently against revenue, due to the change in risk profile for the buyer, and even those multiples can have extreme differences.