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Repl.it raises $97.4M at $1.16B Valuation
- zach_garwood 3y agoI must be really out of touch, because I cannot imagine how this is a billion dollar business.
- bfeynman 3y agoThis is another company I have always felt is going to implode one day. They don't do anything that interesting let alone proprietary. The CEO is an ass and everyone knows it, he acts as if in an in-browser repl is going to change the world. I have no idea how their valuation is so lofty but the core tech is easily duplicated since a lot of the heavy lifting they used to do has become obsolete.
- jacooper 3y agoHow did you judge the CEO as being an ass?
- madmax108 3y agoGotta say, while I respect the hell out of repl.it and the product they've built, I simply cannot fathom how they justify a $1.1B valuation for what is at it's core an online coding platform/IDE In a parallel world, repl.it is a bootstrapped, open source, dev-friendly platform that generating $10-30M ARR in revenue, but in our universe, it's more likely that they'll soon start going the way of once-great tools like Postman, who raised at massive valuations and then had to build out silly "enterprise" features and became much more sales-led companies, all but abandoning their dev-tools roots
- BulgarianIdiot 3y agoBecause AI
- _ink_ 3y agoWhat's an alternative to repl.it? I used them a lot, but now that sign up is required I would like to use something else.
- toomuchtodo 3y agoWhen someone points a money cannon at you, you don’t say “no no no this is outrageous we are a web based IDE with a reasonable yet modest ARR target put your checkbook away.” You smile, nod, and cash the check. “Thank you for your confidence in the team.”
- madmax108 3y agoIt's a two-edged sword no? Accepting $$$ at skyhigh valuation is great, but in 4-6 months time, the same "investors" will come in asking for you to justify the valuation you've raised at, asking questions like "Where revenue hockeystick? Where enterprise features? Hurr durr"
- deleted 3y ago[deleted]