3 ms·

Almost certainly that was $100M valuation.

• necubi 3y ago
  It must be valuation (if there's a SaaS company that's ever gone from $0 -> $100MM ARR -> $0 within five years I would be very surprised). But that makes this whole thing pretty circular—they only would have $100MM valuation because they sold a story of growth to investors. Assuming that the round at $100M valuation was during the boom times of 2019-2021, that could have been with as little as $3-5M annual revenue (20-25x multiplier). Assuming slow or no growth, a company with $3M in revenue would be worth <$15M.
  • raincom 3y ago
    In that reddit post, he says "I had over $10m in the bank for a startup of 5 people making low 7 figures from well established and extremely happy customers." You are right: low 7 figures = $3-$5M annual revenue