Intuit To Acquire Mint For $170 Million

Re:Intuit To Acquire Mint For $170 Million by fjabre on Monday September 14, 2009 @11:24AM (#821823)

So is this yet another reason to keep your web app basically free for the masses..?

$170 million in 2 years seems like reason enough for me.. but as Inaka points out: their execution was brilliant. So if you do have a brilliant app maybe you should keep it free.

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Re:Intuit To Acquire Mint For $170 Million by asnyder on Monday September 14, 2009 @11:30AM (#821840)

Unlike most other webapps mint has a very lucrative revenue stream. They're able to offer you alternative financial services targeted towards you based on the information they have about your current financial products. I'm sure the financial companies offering their products on mint pay more than your average ad or click through.Most webapps don't have this sort of opportunity.

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Re:Intuit To Acquire Mint For $170 Million by timr on Monday September 14, 2009 @01:39PM (#822148)

"Unlike most other webapps mint has a very lucrative revenue stream"

People keep saying this as if it were fact, but never provide evidence. From what I've seen, Mint has a great potential for revenue. I've not seen any public statements about their financials.

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Re:Intuit To Acquire Mint For $170 Million by wavesplash on Monday September 14, 2009 @06:24PM (#822738)

For a privately held entity, how exactly would you like a 3rd party to provide evidence? You have to either know someone on the inside or work by proxy. Assuming you don't know someone, your best proxy is the 10x valuation jump. The $145million valuation wouldn't come without proof of the revenue model to an unproven team.

They were executing revenue, and executing very well.

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Re:Intuit To Acquire Mint For $170 Million by timr on Monday September 14, 2009 @08:12PM (#822921)

"For a privately held entity, how exactly would you like a 3rd party to provide evidence?"

If I knew how to answer that question, then we wouldn't be having this little debate. Fortunately, I'm not the one making claims about their profitability.

"They were executing revenue, and executing very well."

That's a strong statement. Prove it.

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Re:Intuit To Acquire Mint For $170 Million by netsp on Monday September 14, 2009 @10:54PM (#823172)

Teapot

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Re:Intuit To Acquire Mint For $170 Million by numair on Tuesday September 15, 2009 @01:28AM (#823335)

For a privately held entity, how exactly would you like a 3rd party to provide evidence?

That's what "audited financials" are all about. You think it's any different for a public company?

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Re:Intuit To Acquire Mint For $170 Million by byoung2 on Monday September 14, 2009 @11:57AM (#821896)

I'm sure the financial companies offering their products on mint pay more than your average ad or click through

You're right about that...these banks and credit card companies probably pay hundreds per lead, which is a drop in the bucket compared to how much they'll get over the life of the customer.

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