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Can anyone explain why Quora would garner such a high valuation? I have a hard time believing its revenue based so is it seen as an acquisition target?
by mikeryan 14y ago
Can anyone explain why Quora would garner such a high valuation? I have a hard time believing its revenue based so is it seen as an acquisition target?
- suking 14y agohype based
- pclark 14y agothe founding team of Quora were on the founding team of Facebook = extraordinarily strong leadership team.
- mikeryan 14y agoI'm not buying that. I can understand that driving an inflated seed or A round, but at this point I would expect to see something more fundamental in the valuation.
- noahc 14y agoInflated rounds tend to build on each other because no one wants to take a down round and as long as their is forward progress there should always be more value in the business than six months ago.
- brown9-2 14y agoBut the original question is, where are they leading Quora to?
- gamache 14y agoThey're 40% Instagram, relatively speaking.
- staunch 14y ago1. Very well connected founders. 2. Founder ponying up millions of his own cash. 3. Frighteningly Ambitious(TM) problem. 4. Reasonably good traction and product execution.
- larrys 14y agoHaving #1 and #2 are good for attracting the proverbial greater fools to take it off your hands. Also add #5 - use and/or answers by people the main stream public has heard of. Some more of those, particularly celebrities, politicians, entertainers saying sh*t, could have this become so mainstream that their answers will be quoted on the Nightly News. So it becomes a complain and explain platform like twitter.
- kjhughes 14y agoI like staunch's answers, plus 5. Investors are hunting for an Instagram-like Facebook spillover win.
- Androsynth 14y agoHow is 'Q&A site for venture capitalists' a frighteningly ambitious problem?
- kjhughes 14y agoOne Q&A site to rule them all is ambitious if not frighteningly so.
- flipp 14y agoahhhhhhhhhh
- Androsynth 14y agoYahoo Answers tried to be the One Q&A Site to Rule Them All. I don't personally consider Quora to be a general purpose Q&A site. Its possible that they launched as a general purpose Q&A site and then they may have switched when it seemed prudent. Or its possible that they may still be trying to be a general purpose Q&A site, but in that case their branding doesnt match their ambition.
- potatolicious 14y agoI simply do not see #4 happening. Hell, at this rate I'm willing to bet that StackExchange, itself a rather niche site (or network of sites) has higher activity than Quora. I don't know a single person outside the (somewhat incestuous) startup industry that uses Quora. In fact, I do not know a single person outside the tech industry who knows about Quora. Claims that Quora has achieved good traction are, to be polite, overly generous, but more frankly, bullshit.
- hristov 14y agoBecause people using Quora think very highly of themselves, and when you have all these people that all think very highly of themselves and each other concentrated in a single place, then they all think this is a very special and valuable place indeed. This would not mean much in general, but I am willing to bet that most of those Quora investors are also Quora users so they suffer the delusion too.
- pw 14y agoOh, Quora the product hardly matters. This is just a simple case of proven founders being able to raise whatever money they want. Sure, Adam D'Angelo and Charlie Cheever didn't actually start Facebook, but they came as close as anyone can be short of actually being Mark Zuckerberg.