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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], tha
by yuppiepuppie 4mo 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 4mo agoI 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 4mo agoIsn'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 4mo agovoid.cloud was their revenue plan, but it was still in private beta at this point.
- stackskipton 4mo agoThey 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 4mo agoPresumably that $12M A was around $50M Val so they need to sell for substantially more to give investors a multiple return.
- throwup238 4mo agoUnless the investors have liquidation preference where they see their multiple before anyone else sees a dime.
- bix6 4mo agoPrefs are so bogus.
- leros 4mo agoPresumably being able to influence their roadmap is worth it
- arjie 4mo agoThey will easily have exceeded $50m.
- bluelightning2k 4mo agoYour 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 4mo agoSeries A was 12.5. Linked in that post was a Seed announcement which was another 4.5 million
- bluelightning2k 4mo agoThanks for clarifying
- try-working 4mo agoif it helps Cloudflare make it so that 20% of applications are built on their platform then that is definitely worth it