[exogeny]

It's absurd that you think PH was doing anywhere close to that revenue.

The sale price to me is baffling, even if it was stock. You're not buying revenue, you're not buying valuable technology IP, and you're sure as hell not buying a world-class team that innovated and built some rocketship product.

So how do you explain it? Maybe the fact that it was bought by one of their investors is a start..

[wwalser]

Is it crazy to think that a website with 2.8MM uniques/month could make could make $280,000/month? I honestly don't know the numbers for a media companies, referral programs or direct resellers.

There's also some obvious alignment between the two companies so maybe it was a much larger multiple than I would have expected. The team absolutely managed to build a product that has captured the attention (in many cases daily attention) of the type of people that AngelList wants.

[skinnymuch]

It's not absurd just looking at the numbers. But looking at the actual site, then yeah it seems absurd. They weren't exactly doing that much to push revenue. I doubt they did 6 figures a month.