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by markcollin 989 days ago
To put things into perspective MS bought "GitHub" (which has a monopoly on oss hosting) in 2018 for 7.5b

and Postman (a gui client) is at 5.6b. mind-bogglingly insane. I'd love to be enlightened on why is postman valued so much. what is d endgame here?
2 comments
helloanoop 989 days ago
I think the core reason is their monopoly and having over 20 million developers using their tool, and the hope that they can monetize this in future.

But yes $5.6b is nuts.

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popcorncowboy 989 days ago
Although, it's "5.6" not 5.6. That 5.6 is a bag holder number. MS put 7.5B real dollars on the table. The VCs putting cash into postman at "5.6" are using heavy breathing and hand waving to explain the potential LTV of (apparently) 20m devs to the greater fool.
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ericjmorey 988 days ago
5.6 is the break even number for the VC fund. And given the the interest rate environment and the time horizon of realizing a return, 5.6 would be an embarrassing loss for the VC fund.
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