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975M for what the company does seems awfully high imo. But nice exit all things considered for the Loom folks and their investors.
by gigatexal 3y ago
975M for what the company does seems awfully high imo. But nice exit all things considered for the Loom folks and their investors.
- blairbeckwith 3y agocompanies are generally valued based on their revenue and user base rather than their product it is true that $975M is too high a price for a screen recorder when they could have bought a licence to Cleanshot for $19
- j45 3y agoNeat. Does cleanshot auto upload and process the video as well?
- blairbeckwith 3y agoThere is an associated cloud service called Cleanshot Cloud – all licenses get a small amount of storage for free, or you can upgrade to Unlimited for a monthly subscription. Alternatively, because it's a great native-first app, you can just set the saving directory to an existing cloud provider on your machine like Dropbox and let it handle uploading and serving the file.
- j45 3y agoAssociated? See the thing with something like loom is it just works. I used mono snap for a while for example. Native apps to capture are great but they seem to get acquired.
- blairbeckwith 3y agoI'm not sure what your point is. Lots of apps, native or not, get acquired. What are we talking about here?
- j45 3y agoWe are talking about why you are comparing an acquisition for 975M to a license purchase of $19?
- programmarchy 3y agoYeah, Loom nailed this feature. Streaming the upload while recording means the video is ready to share instantly, which is very slick. Great UX.
- j45 3y agoThey really did nail it. Maybe it’s easier now to do but it definitely was faster than a native app locally uploading to the cloud as you record.