> It's crazy to me to think that a company that facilitates sending emails could be worth 10B.
"that facilitates sending emails"...ha.
Sounds so simple doesn't it? If that's what the market is dictating and its so simple then why not just build a clone yourself? You can be a billionaire too.
These hot takes coming from engineers on HN are getting boring and old. Technology AND business at scale is very different. I'll humor you guys with some stats for a second:
- According to the statistics, more than 600 million emails are sent through the platform every two days.
- Later in 2019, the company announced its annual revenue would reach $700 million
> If that's what the market is dictating and its so simple then why not just build a clone yourself? You can be a billionaire too.
There's a tons of competition in this space.
I think the biggest component in the valuation here is that they have enough cashflow that private equity can saddle the company with $9.99B in debt and be reasonably assured that they can service the debt for the foreseeable future.
"that facilitates sending emails"...ha.
Sounds so simple doesn't it? If that's what the market is dictating and its so simple then why not just build a clone yourself? You can be a billionaire too.
These hot takes coming from engineers on HN are getting boring and old. Technology AND business at scale is very different. I'll humor you guys with some stats for a second:
- According to the statistics, more than 600 million emails are sent through the platform every two days.
- Later in 2019, the company announced its annual revenue would reach $700 million
https://en.wikipedia.org/wiki/Mailchimp
If the sources are correct that they have $300M EBITDA then a $10B acquisition is frankly cheap in today's market.