Hacker Read

wollongong · 2011-05-23 04:16:18+00:00

$15 million profit, $8 billion valuation

LOL

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0x12 | karma 4036 | avg karma 4.8 · | 2011-09-08 19:24:52

8 billion is a lot of future profits.

graeham | karma 1289 | avg karma 4.46 · | 2016-06-13 12:46:28+00:00

That valuation should be for more like $3B in profit!

refurb | karma 27208 | avg karma 1.53 · | 2023-01-28 05:05:17

$8B sounds impressive until you realize the company is worth ~$110B.

scarface74 | karma 25313 | avg karma 1.25 · | 2020-06-12 11:37:16

That’s 23 billion of profit over 8 years.

paxys | karma 66162 | avg karma 7.18 · | 2021-01-19 17:23:15+00:00

$15B actually

aston | karma 6570 | avg karma 4.21 · | 2007-06-05 00:20:19+00:00

I heard ~$25M post-money valuation.

Sweet.

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jsprogrammer | karma 1146 | avg karma 0.37 · | 2016-10-08 22:47:38

So, $55M in profit.

nowherebeen | karma 1995 | avg karma 2.77 · | 2022-07-14 11:28:32

That’s about 74 billion valuation. FYI.

vm | karma 1333 | avg karma 4.52 · | 2019-08-08 07:32:59+00:00

They’ve made ~$15B on ~$65B invested. $15B!!! Ignore the sensationalist headline.

masonic | karma 2252 | avg karma 0.53 · | 2019-03-07 08:00:51+00:00

s/$8.55 million/$8.55 billion/

chopsueyar | karma 1880 | avg karma 1.09 · | 2011-06-10 20:06:41+00:00

Awesome.

$8 million versus $20.

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t-rex | karma 2 | avg karma 2.0 · | 2013-09-03 14:00:01+00:00

In a letter from the CEO, on the company's website, he states that a few "informal valuations" estimated the value at between 100k to 3.75million.

edit: here is the link to the letter: http://bit.ly/14VcIDP

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ultrasaurus | karma 1496 | avg karma 3.42 · | 2018-12-22 00:52:01+00:00

Doing the math out loud:

Worth $1.65B April 19th, worth $1.85B December 19th (+$150MM in new money, for a post-money of $2B ignoring rounding, options pool expanding and preferences).

So their value grew ~12% in 8 months.

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radicalbyte | karma 6829 | avg karma 3.58 · | 2016-02-10 11:41:47+00:00

Income: $50m Cost: $14m settlement, $6m lawyers (guess) Result: $30m profit

Nice business model.

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valuearb | karma 7446 | avg karma 1.47 · | 2020-07-29 05:18:51

Well, ours was profitable and sold for $95M, kind of a definition of economic value.

slownews45 | karma 2904 | avg karma 3.97 · | 2021-08-12 16:01:03

Valuation was $10B per linked article for those curious (I was).

93po | karma 2913 | avg karma 1.22 · | 2022-10-28 18:46:45

Where did you get the $15 billion figure from?

astrodust | karma 13331 | avg karma 2.07 · | 2016-10-12 06:51:35+00:00

$800M invested and it's sold for $12M. What a rate of return!

dillondoyle | karma 2720 | avg karma 1.64 · | 2021-10-22 02:24:33

* billion. At least I know the profit number is 57 billion