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My guess is investors are getting a good return on investment so they are probably pretty happy.

yuppiepuppie 5mo ago
They've raised over $16 million [0]. For a decent 3-5x return for that, they would need to have been acquired for around ~$50 million. For a team of 19 [1], thats around $2.5 million per employee for Cloudflare. Worth it? no idea [0] https://voidzero.dev/posts/announcing-series-a https://voidzero.dev/posts/announcing-series-a [1] https://voidzero.dev/about https://voidzero.dev/about
- stackskipton 5mo ago
  I could see Cloudflare wanting them for 50 Million. Cloudflare recent acquisitions have clearly been "buy tools with heavy lock in" and companies shipping on Void are likely heavily locked in.
  - benoau 5mo ago
    Isn't their revenue just sponsorships and donations? This seems like a company destined to scrape by despite their popularity, like Tailwind. You don't get $50 million for that.
    - ameliaquining 5mo ago
      void.cloud was their revenue plan, but it was still in private beta at this point.
    - stackskipton 5mo ago
      They have a cloud they already built on Cloudflare. Cloudflare probably thinks they can quickly launch that and that's locked in, steady revenue source.
- bix6 5mo ago
  Presumably that $12M A was around $50M Val so they need to sell for substantially more to give investors a multiple return.
  - throwup238 5mo ago
    Unless the investors have liquidation preference where they see their multiple before anyone else sees a dime.
    - bix6 5mo ago
      Prefs are so bogus.
- leros 5mo ago
  Presumably being able to influence their roadmap is worth it
- arjie 5mo ago
  They will easily have exceeded $50m.
- bluelightning2k 5mo ago
  Your linked post shows they raised 12.5 million? But it's also possible they haven't spent much of that money. The investors don't need to be happy. They just need to be made whole (assuming they have a minority control). It could literally be that only $2m ever got spent and that's been paid back. It could also be that when literally nobody said they would pay for Vite+ the investors and team in general lost confidence and were actually very happy just to get their money back and pivot into this acquisition.
  - yuppiepuppie 5mo ago
    Series A was 12.5. Linked in that post was a Seed announcement which was another 4.5 million
    - bluelightning2k 5mo ago
      Thanks for clarifying
- try-working 5mo ago
  if it helps Cloudflare make it so that 20% of applications are built on their platform then that is definitely worth it
bredren 5mo ago
Liquidity at some multiplier is easy to measure. The value to the investors also includes the outcome of dealflow resulting from the relationships and network built up along the way.

They've raised over $16 million [0]. For a decent 3-5x return for that, they would need to have been acquired for around ~$50 million. For a team of 19 [1], thats around $2.5 million per employee for Cloudflare. Worth it? no idea [0] https://voidzero.dev/posts/announcing-series-a https://voidzero.dev/posts/announcing-series-a [1] https://voidzero.dev/about https://voidzero.dev/about

stackskipton 5mo ago
I could see Cloudflare wanting them for 50 Million. Cloudflare recent acquisitions have clearly been "buy tools with heavy lock in" and companies shipping on Void are likely heavily locked in.
- benoau 5mo ago
  Isn't their revenue just sponsorships and donations? This seems like a company destined to scrape by despite their popularity, like Tailwind. You don't get $50 million for that.
  - ameliaquining 5mo ago
    void.cloud was their revenue plan, but it was still in private beta at this point.
  - stackskipton 5mo ago
    They have a cloud they already built on Cloudflare. Cloudflare probably thinks they can quickly launch that and that's locked in, steady revenue source.
bix6 5mo ago
Presumably that $12M A was around $50M Val so they need to sell for substantially more to give investors a multiple return.
- throwup238 5mo ago
  Unless the investors have liquidation preference where they see their multiple before anyone else sees a dime.
  - bix6 5mo ago
    Prefs are so bogus.
leros 5mo ago
Presumably being able to influence their roadmap is worth it
arjie 5mo ago
They will easily have exceeded $50m.
bluelightning2k 5mo ago
Your linked post shows they raised 12.5 million? But it's also possible they haven't spent much of that money. The investors don't need to be happy. They just need to be made whole (assuming they have a minority control). It could literally be that only $2m ever got spent and that's been paid back. It could also be that when literally nobody said they would pay for Vite+ the investors and team in general lost confidence and were actually very happy just to get their money back and pivot into this acquisition.
- yuppiepuppie 5mo ago
  Series A was 12.5. Linked in that post was a Seed announcement which was another 4.5 million
  - bluelightning2k 5mo ago
    Thanks for clarifying
try-working 5mo ago
if it helps Cloudflare make it so that 20% of applications are built on their platform then that is definitely worth it

bredren 5mo ago

Liquidity at some multiplier is easy to measure. The value to the investors also includes the outcome of dealflow resulting from the relationships and network built up along the way.