Re:Substack is laying off 14% of its staff
by mbesto on Wednesday June 29, 2022 @05:25PM
(#31925902)
72x revenue is ludicrous even for SaaS standards in a bloated economy (circa Q3~Q4 2021) and considering growth.
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Re:Substack is laying off 14% of its staff
by roflyear on Tuesday July 05, 2022 @11:33AM
(#31989420)
It is not blanket ludicrous. Not at all. If you expect the company to grow 100x next year, for example, it is not crazy at all. That's the extreme, but for example if they are valued at $72m and 72x revenue, and grow 100x the next year, now their revenue is $100m. That's great.