The information on the site is crowdsourced and can be superficial - you wouldn’t cite it in your term paper - and the posters are sometimes anonymous. It’s not really a destination platform, but thanks to its popularity on search engines, it became the sort of place where you ended up accidentally to try and satisfy a curiosity without diving deep into the dark depths of the internet. Founded in 2009 by former executives from Facebook, Quora was seen as one of the hottest companies in the post-Facebook wave of social media. Quora offers a cornucopia of information that you didn’t know you wanted, but so frequently find thanks to on-point search engine optimization. Quora declined to comment and Valor didn’t return requests for comment. But despite its paltry revenue, it runs a pretty lean ship of 200 or so employees, so each dollar goes further. This round, though, is not a wild step up from its last pricing - which came in at about $1.7 billion in 2017, according to Pitchbook - which might either reflect prudence by Quora toward overvaluing their company or maybe some trouble notching a sky-high valuation. The company told some prospective investors that it did about $20 million in 2018 revenue, which makes a $2 billion valuation a pretty enormous 100x multiple of its prior year’s revenue. The company has been very slow to monetize its user base, which Quora says is 300 million unique people a month, and several investors tell Recode that they passed on the deal because of that poor track record of actually making money. Just this week, a high-end direct-to-consumer luggage company, a Facebook-for-your-neighborhood social media site, and a meatless hamburger alternative all announced fundraising rounds that valued them at over $1 billion, making them so-called “unicorns.” It’s a financing round that, in the eyes of some Silicon Valley investors, speaks to the high valuation for virtually everything these days in the tech sector. Valor is a private equity firm linked to Elon Musk thanks to its stakes and board seats at Tesla and SpaceX. The company is in the process of finalizing a $60 million investment round led by Valor Equity Partners, according to people familiar with the matter. You wouldn’t be blamed if you had forgotten about Quora, the question-and-answer machine that comes up immediately when Googling for, say, why rich people are so frugal or whether it’s okay to let your cat live outside if you don’t value it.īut Silicon Valley now considers Quora - something of a relic of a quainter era on the internet - a $2 billion company, Recode has learned.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |