$5B is a pretty ridiculous valuation for a $140M revenues company.
Zapier reached a $5B valuation with $1.3M of funding
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Re: Zapier reached a $5B valuation with $1.3M of funding
#12$5B is a pretty ridiculous valuation for a $140M revenues company.
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Re: Zapier reached a $5B valuation with $1.3M of funding
#13They went through YC. That's VC funding. (I was in the same batch)
Re: Zapier reached a $5B valuation with $1.3M of funding
#14$5B is a pretty ridiculous valuation for a $140M revenues company.
Zapier has mindshare, enormous depth of functionality, and an enormous potential market. Doesn't feel insane to me. I'd buy in.
Re: Zapier reached a $5B valuation with $1.3M of funding
#15I don't understand. They first say that they didn't start with VCs. And only finally, 2 months ago, "Sequoia and Steadfast Financial bought shares at a $5 billion valuation from some of Zapier’s original investors."
But the original investors were "Bessemer Venture Partners, Threshold, Salesforce Ventures and Missouri-based Permanent Equity..."
So how is that not having VC at your origins?
Re: Zapier reached a $5B valuation with $1.3M of funding
#16Congrats to the founders for not taking much funding but for employees... this has to suck unless they get to sell their shares to Sequoia as well. (If they even got any options...) Maybe they don't compete for SV talent and most employees aren't used to even getting options as part of compensation.
Is there a specific reason a company would have IPO in mind but wouldn't say they are looking to do an IPO eventually? Is there a particular reason to say that?
Re: Zapier reached a $5B valuation with $1.3M of funding
#17$5B is a pretty ridiculous valuation for a $140M revenues company.
When Slack IPOed, their revenue was around $500 mil and their market cap was $16 billion, IIRC. So Zapier seems pretty inline.
Re: Zapier reached a $5B valuation with $1.3M of funding
#18Title is inaccurate, they took VC funding.
Re: Zapier reached a $5B valuation with $1.3M of funding
#19I don't understand. They first say that they didn't start with VCs. And only finally, 2 months ago, "Sequoia and Steadfast Financial bought shares at a $5 billion valuation from some of Zapier’s original investors." But the original investors were "Bessemer Venture Partners, Threshold, Salesforce Ventures and Missouri-based Permanent Equity..." So how is that not having VC at your origins?
HN headline was editorialized, original headline is more nuanced and meant to imply “without taking a lot of VC money” rather than none at all.
Re: Zapier reached a $5B valuation with $1.3M of funding
#20They did take VC funding though? By pulling themselves up by their bootstraps (and a meager $1.3 million in funding) they were able to start a company! That's not an insignificant sum of money, I see that they didn't take further rounds, but still this feels like a nice marketing piece with a bad headline.
The article says “hamster wheel”, not that they didn’t take it. The headline here adds ambiguity that wasnt written
If there is a valuation, then there was funding or there will be funding.
Looks like funding came from YC, so yeah, they were funded.