I don't get it; where did surveymonkey found $35m? is there so much money to make in online surveys?
I'm guessing a significant portion of the $35m is in stock.
SurveyMonkey to buy Wufoo (YC W06) for $35m
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Re: SurveyMonkey to buy Wufoo (YC W06) for $35m
#12"Wufoo has helped people collect over $100,000,000 worth of revenue for the users and about $200,000 in payments per day." I really hope you guys continue to kill it in the form space.
Not a snarky question, I am just confused.
Where do these numbers come from? How is Wufoo helping it's customers collect revenue?
Re: SurveyMonkey to buy Wufoo (YC W06) for $35m
#13I don't get it; where did surveymonkey found $35m? is there so much money to make in online surveys?
They recently got $100 million in financing, and 'revenues rumored to be above $50 million a year'.
http://techcrunch.com/2010/11/03/surveymonkey-100-million-de...
Re: SurveyMonkey to buy Wufoo (YC W06) for $35m
#14Wufoo is YC W06.
Updated the title - thanks
Re: SurveyMonkey to buy Wufoo (YC W06) for $35m
#15I don't get it; where did surveymonkey found $35m? is there so much money to make in online surveys?
SurveyMonkey organically (no funding) grew to like, 60 people - then went out and raised $100M+ in funding, I guess its a huge market
Re: SurveyMonkey to buy Wufoo (YC W06) for $35m
#16"Wufoo has helped people collect over $100,000,000 worth of revenue for the users and about $200,000 in payments per day." I really hope you guys continue to kill it in the form space.
Not a snarky question, I am just confused. Where do these numbers come from? How is Wufoo helping it's customers collect revenue?
I pulled this from Startups Open Sourced. Here's the context:
Q: Did you ever do any other big changes or pivots? A: Payment forms is a big feature that we have at Wufoo and that’s something we even didn’t think about when we launched the service. It’s one of those things that our users ask us about, constantly. People are asking for payment integration like crazy; let’s just see what we can do to make it happen, and our payment integration is something that we’re really proud of—it’s this really easy way of assigning prices to different choices in the form fields, and a significant driver of revenue for us. Interesting fact: Wufoo has helped people collect over $100,000,000 worth of revenue for the users and we process probably about $200,000 in payments—in transactions—every single day. So Wufoo helps generate a lot of significant revenue for our users.
full interview: http://news.ycombinator.com/item?id=2481804
Re: SurveyMonkey to buy Wufoo (YC W06) for $35m
#17"Wufoo has helped people collect over $100,000,000 worth of revenue for the users and about $200,000 in payments per day." I really hope you guys continue to kill it in the form space.
Not a snarky question, I am just confused. Where do these numbers come from? How is Wufoo helping it's customers collect revenue?
Wufoo has payment integration in their forms. http://wufoo.com/payments/
Re: SurveyMonkey to buy Wufoo (YC W06) for $35m
#18Link to original article, without blogspam: http://news.ycombinator.com/item?id=2481610
Re: SurveyMonkey to buy Wufoo (YC W06) for $35m
#19I don't get it; where did surveymonkey found $35m? is there so much money to make in online surveys?
Yeah, survey monkey does $40M/year in revenue. The company took $100M in debt financing to pay the founders, and put cash in the company coffers. The $100 million was more of a tax-arbitrage deal than anything else. (In the US equity payments are double taxed, but debt service isn't)