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I hope he gets a sale, but 500k seems a little too much. He hasn't monetized his apps, and there doesn't seem to be a clear cut way to monetize such apps.
by vijayr 17y ago
I hope he gets a sale, but 500k seems a little too much. He hasn't monetized his apps, and there doesn't seem to be a clear cut way to monetize such apps.
- ashishk 17y agoTwo comparables to consider: I know this is a tech. startup, but for 500k I could theoretically buy a brick and mortar business that makes me 50-100k per year. Given the risk of monetizing twtApps, I would probably opt to do that. Also, SGN was buying up small fb app companies for 1-1.5MM about 1.5 years ago. Each was seeing 200-500k in revenues. And probably most of that was profit. Using this comparable, to justify the 500k valuation, twtApps would need to be seeing 66 - 166k in revenues.
- deleted 17y ago[deleted]