Postman raises $225M Series D at $5.6B valuation

Re:Postman raises $225M Series D at $5.6B valuation by tofuahdude on Wednesday August 18, 2021 @01:03PM (#28224094)

In the post they say:

> There are now 17 million developers on the Postman API Platform, and the Postman app has been downloaded more than 60 million times so far.

That's a significant user base for a b2b oriented app in a very monetize-able space.

Throwing out some numbers to try and math it out:

- At $5 / yr / user, that's 85mm revenue. 5.4B = 64x rev

- At $10 / yr / user, that's 170mm revenue. 5.4B = 32x rev

- At $20 / yr / user, that's 340mm revenue. 5.4B = 16x rev

All depends on how effectively they monetize.

There's definitely a credible-to-vc's story that this is a large company in the making.

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Re:Postman raises $225M Series D at $5.6B valuation by ChemSpider on Wednesday August 18, 2021 @01:16PM (#28224315)

Postman is a nice free tool, but nothing more. I would never pay any money for it. I don't think they can monetize more than 1% of their user base. I am absolutely stunned by this valuation.

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Re:Postman raises $225M Series D at $5.6B valuation by Rebelgecko on Wednesday August 18, 2021 @01:08PM (#28224194)

Does that "17 million users" include people like me who use the app but have never given them any money?

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Re:Postman raises $225M Series D at $5.6B valuation by tofuahdude on Wednesday August 18, 2021 @01:12PM (#28224249)

Oh, 17mm for sure it includes everyone who ever uses it.

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Re:Postman raises $225M Series D at $5.6B valuation by joshribakoff on Wednesday August 18, 2021 @01:09PM (#28224205)

Perhaps it’s unrealistic that they’ll be able to monetize 100% of those users?

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Re:Postman raises $225M Series D at $5.6B valuation by tofuahdude on Wednesday August 18, 2021 @01:11PM (#28224237)

I'm going with averages here just to ballpark it.

I think they can make significantly more per year for enterprise users, in the $100+ per user range.

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Re:Postman raises $225M Series D at $5.6B valuation by outside1234 on Wednesday August 18, 2021 @08:18PM (#28228888)

There is no way - people will just switch to Insomnia.

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Re:Postman raises $225M Series D at $5.6B valuation by ren_engineer on Wednesday August 18, 2021 @01:08PM (#28224198)

the problem with these estimates is that freemium products are lucky to get 1% conversion to paid tier

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Re:Postman raises $225M Series D at $5.6B valuation by boringg on Wednesday August 18, 2021 @01:07PM (#28224173)

Valuation seems out of whack - that said money is cheap and trying to find a home right now. VCs need returns so why not?

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