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Ask HN: Determining Site Valuation (Bankaholic = $15M?)
After hearing about the recent Bankaholic acquisition for around 15 million, and watching my jaw hit the ground, I was wondering if anyone could provide some insight as to how that figure was determined. Last I read, the site was only drawing in around 8,000 uniques monthly - which doesn't seem like that much. I'm just curious because I thought I got a steal on the sale of my last website, and I'm beginning to seriously reconsider.
- mstefff 18y agoActually, I think I might have been completely wrong about the 8K uniques monthly - think it was daily. Still though - doesn't seem that high.
- noodle 18y agoafaik, in the case of bankaholic, it wasn't about primarily about obtaining the readership or revenue model, it was more about obtaining the quality content. i could be wrong, though.
- alaskamiller 18y agoHe was able to generate highly-valued sales leads from his audience.
- mg1313 18y ago8,000/day doesn't seem high but I bet they were very targeted and had a good conversion rate (especially that Bankaholic was on Google's top searches for certain terms). Now, if they bring also more people to work at Bankaholic then the site could do even better.