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2xARR is extremely low, I'd like to know why they sold. After being valued at 17B selling for close to ~2B is interesting.
by leugim 24d ago
2xARR is extremely low, I'd like to know why they sold. After being valued at 17B selling for close to ~2B is interesting.
- bfeynman 24d agoLike Airtable - they probably started seeing revenue growth/acceleration plummeting due to vibecoding being able to replace the product and are pulling plug early instead of letting it grind out to 0.
- kslambert 24d ago2x ARR is low... But if they are making $600ARR and barely breaking even, enterprise and growth rates are slowing, or customer churn is high then it isn’t as healthy a business as it looks on paper. Especially if they don't have a new play in a highly competitive space where companies are looking to cut costs.