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Gotta 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
by madmax108 3y ago
Gotta 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]