upvote

points

by 3uler8 hours ago |
comments
upvoteby bognition8 hours ago|
next
[-]
Cursor at 60B is WAY overvalued. At this point you have to assume that anything that gets touched by Elon is hyper driven financial engineering.
reply
upvoteby embedding-shape7 hours ago|
parent|
next
[-]
> Cursor at 60B is WAY overvalued.

You can't possibly mean a glorified editor-shell isn't as valuable as say Nike, Deutsche Bank, Target, Ford or Nintendo?

reply
upvoteby re-thc7 hours ago|
parent|
[-]
> You can't possibly mean a glorified editor-shell isn't as valuable as say Nike

That's a glorified feet-shell. So like-for-like?

reply
upvoteby embedding-shape7 hours ago|
parent|
[-]
Say you grabbed a random selection of just 100 million people in the world, then ask them two questions, "Have you heard about Nike?" and "Have you heard about Cursor?", what would you guess the ratio would be like?

Even when you use "Nike the Company" vs "Cursor as a general search term" to compare search history in Google Trends, it's 71/5, so I'm guessing most people would say they've heard about Nike, while probably most never heard about any software program called "Cursor".

reply
upvoteby merlindru7 hours ago|
parent|
[-]
If you asked the same selection of people about Saudi Aramco or SK Hynix none of them would know what those are either though, right?

I do think 60B for Cursor is way overvalued. Just not sure how to quantify

reply
upvoteby embedding-shape7 hours ago|
parent|
[-]
Fair point, those are valuable for other reasons. My point was more to illustrate "Nike is valuable because of the brand", without using those exact words :)
reply
upvoteby 3uler7 hours ago|
parent|
prev|
next
[-]
Sure but I would expect an exit of like 20b or just list and go public…
reply
upvoteby 7 hours ago|
parent|
prev|
[-]
deleted
reply
upvoteby disgruntledphd28 hours ago|
prev|
next
[-]
European versus US startups maybe?

While I think that this is a bad move for Intercom, it's actually brilliant for Dublin and Ireland that they have finally exited.

reply
upvoteby alex_suzuki8 hours ago|
prev|
[-]
Intercom allegedly has ~400M of annual revenue, making the multiplier less than 10X. Huge customer base and established brand. Looks like a steal indeed!
reply
upvoteby jbs7897 hours ago|
parent|
[-]
The world we live in… 10x revenue is a “steal”.

Lots of embedded assumptions about growth and margins to convert that revenue multiple to discounted cash flows.

reply
upvoteby alex_suzuki6 hours ago|
parent|
[-]
A steal compared to other “AI-adjacent” valuations.
reply