They currently have:
- 25 Million Users
- 1.8M Companies on the platform
- Estimated revenue of 40M or so (information not public)
- sold for a 24x revenue multiple
They were founded 8 years ago, in 2015.
Their first round of funding was 500K at a 6.5M valuation cap and a 10% discount.
That means a 25K investment would have bought you .3846% of the company... Which technically would be worth exactly $3,750,750 today.
Additionally, if you got in early, you would have gotten first right of refusal for subsequent fundraising rounds at that above discount %. So, if you kept putting in $$, you could easily have a much higher return %. (Hint: because loom was killing it, you would have kept maxing out the money you could put in... Your risk goes down with/ every fundraising round.)
You aren't getting returns like that anywhere besides angel investments in rapidly expanding technology companies 🙂 .
Here is an example from Greg Isenberg, who actually passed on the round!
Today, he's wishing he was a part of it!
