Is it crazy to think that a website with 2.8MM uniques/month could make could make $280,000/month? I honestly don't know the numbers for a media companies, referral programs or direct resellers.
There's also some obvious alignment between the two companies so maybe it was a much larger multiple than I would have expected. The team absolutely managed to build a product that has captured the attention (in many cases daily attention) of the type of people that AngelList wants.
Re:AngelList acquires Product Hunt
by skinnymuch on Saturday December 03, 2016 @06:08PM
(#13097936)
It's not absurd just looking at the numbers. But looking at the actual site, then yeah it seems absurd. They weren't exactly doing that much to push revenue. I doubt they did 6 figures a month.
The sale price to me is baffling, even if it was stock. You're not buying revenue, you're not buying valuable technology IP, and you're sure as hell not buying a world-class team that innovated and built some rocketship product.
So how do you explain it? Maybe the fact that it was bought by one of their investors is a start..