A $300m Bootstrap Launched by a Teenager
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A $300m Bootstrap Launched by a Teenager
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Re: A $300m Bootstrap Launched by a Teenager
#2Wait, it's worth $300M according to its owner. How much is it worth according to other people?
Re: A $300m Bootstrap Launched by a Teenager
#3A million isn't cool. You know what's cool? A billion dollars. I couldn't resist.
Re: A $300m Bootstrap Launched by a Teenager
#4Wait, it's worth $300M according to its owner. How much is it worth according to other people?
TechCrunch and the British Telegraph both used the same $300M number.
But I was clear in the post that my research lead me to believe that the number originally came from the founders.
We'll never know for sure until they sell, but the achievement is impressive from everything I saw.
Re: A $300m Bootstrap Launched by a Teenager
#5The title of the HN post is a little bit confusing, at least for me. It's a company that was bootstrapped by an 18-year-old in 1997, which is now (13 years later) worth $300m according to its founder. The title here made me think it had been recently bootstrapped by somebody who is still a teenager and that it is now showing $300m in either revenue or profit.
Re: A $300m Bootstrap Launched by a Teenager
#6[deleted]
Re: A $300m Bootstrap Launched by a Teenager
#7The title of the HN post is a little bit confusing, at least for me. It's a company that was bootstrapped by an 18-year-old in 1997, which is now (13 years later) worth $300m according to its founder. The title here made me think it had been recently bootstrapped by somebody who is still a teenager and that it is now showing $300m in either revenue or profit.
When someone says $300 million dollar company, it doesn't mean a company with $300 million dollars of revenue or profit per year. Generally, it means the valuation (based on any number of measures, ie. acquisition price, last traded price x number of shares outstanding, founders pulling a figure out of thin air, etc.) of the company, so revenue can be anywhere from $0 to $300+ million (generally around single-digit multiples), and profit can even be negative.
Re: A $300m Bootstrap Launched by a Teenager
#8The title of the HN post is a little bit confusing, at least for me. It's a company that was bootstrapped by an 18-year-old in 1997, which is now (13 years later) worth $300m according to its founder. The title here made me think it had been recently bootstrapped by somebody who is still a teenager and that it is now showing $300m in either revenue or profit.
When someone says $300 million dollar company, it doesn't mean a company with $300 million dollars of revenue or profit per year. Generally, it means the valuation (based on any number of measures, ie. acquisition price, last traded price x number of shares outstanding, founders pulling a figure out of thin air, etc.) of the company, so revenue can be anywhere from $0 to $300+ million (generally around single-digit m…
The traditional meaning of an $x billion company is by revenues. Using it to mean valuation is quite new, and limited to startup/Silicon Valley people.
Re: A $300m Bootstrap Launched by a Teenager
#9It'll be nice when we get to a point where we can stop supplementing stuff like this with "by a teenager". Who gives a crap as to how old they are?
Re: A $300m Bootstrap Launched by a Teenager
#10Earlier quoted context omitted.
When someone says $300 million dollar company, it doesn't mean a company with $300 million dollars of revenue or profit per year. Generally, it means the valuation (based on any number of measures, ie. acquisition price, last traded price x number of shares outstanding, founders pulling a figure out of thin air, etc.) of the company, so revenue can be anywhere from $0 to $300+ million (generally around single-digit m…
The traditional meaning of an $x billion company is by revenues. Using it to mean valuation is quite new, and limited to startup/Silicon Valley people.
I'm pretty sure Wall St. people also talk in terms of valuation.