We have 72% growth, 70% gross margins, nine-figure revenues and a 27x multiplier. There’s more to be said, but perhaps this begins a slightly more conservative pricing regime for software companies.
TechCrunch+ roundup: Credit Karma post-exit, recruiting developers, re:Invent recap
The very day in Feb. 2020 that Credit Karma planned to announce that it had been acquired by Intuit for over $7 billion, the stock market tanked, spooked by news that a virus could start a pandemic.
IoT data collector Samsara’s IPO will be fun to watch
Samsara would have to command a revenue multiple of just under 12x to meet its final private price. Will it manage that? Er, yes. Yes, it will.