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by carlosrt
4462 days ago
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Yeah, the $3T the FED printed is accomplishing its purpose of keeping asset values inflated. That being said, remember when everybody said Facebook was overvalued, every time they had a funding round?
Well, they never really traded above ~17 times 12 months forward revenue (Not including secondary market trades or Microsoft's strategic investment). 2004: $100,000 line of credit from Dad when accounts were frozen.
2004: 10x. Seed. 1st ads in May generated ~$2,400 revenue. In June, Thiel invests at $5M valuation;
2005: 17x. A. $6M rev at a $100m valuation;
2006: 10x. B. $52M run rate on $525 pre money;
2007: 100x.C. $150M revenue at $15B valuation;
2009: 13x. D. $750M revenue at $10B valuation;
2010: 17x. E. $2b revenue at $35B valuation;
2011: 30x. F $3.3B run rate on a $100B valuation;
2012: 23x. IPO $4.2B revenue on $100B IPO valuation;
2012 17x Post IPO $4.2B revenue on $68B market cap at sale;
2012 6x Post IPO $7B (2013) Revenue on $40.7B market cap; *Note: Not including Microsoft's strategic investment, and Secondary market trades |
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