I'd guess a 6x multiple of revenue, considering their sales, staffing and acquisition models. (I.e. no-touch, low-overhead, referral/word of mouth.) [Addendum]

I'd guess a 6x multiple of revenue, considering their sales, staffing and acquisition models. (I.e. no-touch, low-overhead, referral/word of mouth.) [Addendum] Perhaps 6x was extremely low given the current market. Need to update my priors: http://tomtunguz.com/saas-valuation-bubble/ http://tomtunguz.com/saas-valuation-bubble/