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Curated tech Twitter/X posts on AI, startups, and product development—signal without the doomscroll, updated on weekdays.
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Well, 4 years ago I said I don't see how Miro would be worth $17B or Airtable $11B. Bending Spoons is buying Miro for $1.35B today, and bought Airtable for $1.2B. I'm sorry for employees who got equity issued at the $17B or $11B valuation - the dangers of too high valuations!
For any private tech startups wondering how the market values companies: Box: ~$1B annual revenue, near 0 loss/profit: $3.5B valuation. I’ll go out and say that eg Miro making max ~$300M in rev is unlikely to be worth $17B, and Airtable making ~$200M revenue also not $11B.