3 ms·
It doesn't sound like he made a lot of money doing all this. It's good hustle for an outsider put probably pays less than regular job for someone with his talen
by lupire 4y ago
It doesn't sound like he made a lot of money doing all this. It's good hustle for an outsider put probably pays less than regular job for someone with his talent.
- nrmitchi 4y agoIt sounds like he had 3000 actively paying business users at the start of this negotiation, with revenue matching up with a series A level co (so likely significant, but definitely under $10M ARR. If they started with a benchmark valuation of ~$15M, cut that down a bit, and then negotiated up based on continued growth this could have easily clocked in at high 7-low-8 figures. I definitely wouldn't count that as "not a lot of money". Having meetings with Brockman and Altman afterwards also point to it not being an insignificant acquisition amount.