4 ms·

Lots of non-technology companies. Out of tech companies -- Craigslist, Atlassian, 37Signals, possibly MailChimp. Fringe examples -- Indeed sold for $1B and on

Lots of non-technology companies. Out of tech companies -- Craigslist, Atlassian, 37Signals, possibly MailChimp. Fringe examples -- Indeed sold for $1B and only took a small amount of later-stage funding [1] from USV. WhatsApp took $8M from Sequoia but apparently didn't spend any of it [2]. [1] http://avc.com/2012/09/indeed/ http://avc.com/2012/09/indeed/ [2] http://forbesindia.com/article/the-worlds-billionaires/the-$19-billion-poker-game-inside-the-facebookwhatsapp-megadeal/37461/0 http://forbesindia.com/article/the-worlds-billionaires/the-$...

gsharma 12y ago
WhatsApp actually raised closer to $60M [1] [1] http://www.crunchbase.com/organization/whatsapp http://www.crunchbase.com/organization/whatsapp
vecter 12y ago
Is 37Signals worth $1B?
- shreve 12y ago
  Actually, they're valued at $100B. http://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment http://signalvnoise.com/posts/1941-press-release-37signals-v...
  - catshirt 12y ago
    i'm not typically a fan of the 37signals blog posts which come off to me as arrogant. this one makes me laugh though; it does a really effective job of poking fun at the broken parts of the VC model.
  - brianfitz 12y ago
    That article was intended to be a joke. 37signals (now Basecamp) is private and doesn't publicly announce revenue or profits -- though Jason has acknowledged both are in the millions.
    - catshirt 12y ago
      it's satirical but is it a joke? valuation is not a pure function of revenue and profit. unless i am missing something this valuation is as real as Twitter's or Facebook's. that's the joke.
applecore 12y ago
That story probably isn't true. Why would WhatsApp raise money if they weren't planning to spend any of it?
- danielharan 12y ago
  For help selling the company? I'm sure there are a few VCs that know all the corp dev people and could more than double the final price.
  - catshirt 12y ago
    this is definitely not my forte but if VC thinks they could flip the company isn't there a more direct route than buying into a round for the sake of press?
    - dave_sullivan 12y ago
      You've got to own some shares to make money in an acquisition. It's not for the press.
      - catshirt 12y ago
        wish i could delete my comment, i wasn't thinking

gsharma 12y ago

WhatsApp actually raised closer to $60M [1] [1] http://www.crunchbase.com/organization/whatsapp http://www.crunchbase.com/organization/whatsapp

vecter 12y ago

Is 37Signals worth $1B?

shreve 12y ago
Actually, they're valued at $100B. http://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment http://signalvnoise.com/posts/1941-press-release-37signals-v...
- catshirt 12y ago
  i'm not typically a fan of the 37signals blog posts which come off to me as arrogant. this one makes me laugh though; it does a really effective job of poking fun at the broken parts of the VC model.
- brianfitz 12y ago
  That article was intended to be a joke. 37signals (now Basecamp) is private and doesn't publicly announce revenue or profits -- though Jason has acknowledged both are in the millions.
  - catshirt 12y ago
    it's satirical but is it a joke? valuation is not a pure function of revenue and profit. unless i am missing something this valuation is as real as Twitter's or Facebook's. that's the joke.

applecore 12y ago

That story probably isn't true. Why would WhatsApp raise money if they weren't planning to spend any of it?

danielharan 12y ago
For help selling the company? I'm sure there are a few VCs that know all the corp dev people and could more than double the final price.
- catshirt 12y ago
  this is definitely not my forte but if VC thinks they could flip the company isn't there a more direct route than buying into a round for the sake of press?
  - dave_sullivan 12y ago
    You've got to own some shares to make money in an acquisition. It's not for the press.
    - catshirt 12y ago
      wish i could delete my comment, i wasn't thinking