Bengaluru-based Postman, a API management product, has raised a total of $433 million valuing it at ~$5.6B. Its revenue was $171M in 2023. As a comparison, Rubrik with ~$850M ARR is valued at $6B or about 7 times its revenue. The same metric would put Postman’s valuation at $1.2B. I would argue further that Postman has much lower stickiness and will face higher churn and hence, the revenue multiple would be lower for Postman....
Then Seed/Angel Series-A Series-B Series-C IPO Now
Consider this email, And now consider this one, Hi Ashish, You signed up for the Orchard beta not too long ago, and we’re excited to finally send you an invite! ( Just to jog your memory, Orchard helps you make the most of your relationships, keeping you up to date on where you’re spending your time and who you need to catch up with. It’s somewhere between a personal CRM and a todo list for your connections....
Start-up One goal May have multiple products but all products are aimed at a single goal. All teams are working towards the same goal. Diversified Multiple similar goals Have several products (or several parts of a single product) aimed towards different goals. Teams gain by helping each other. The goals to some extent are complementary but (naturally with time) diverge away from each other. The tipping point comes when the goals become orthogonal and thus, any bonding between teams working on (orthogonal) goals goes to zero....