Comment by 3uler

9 hours ago

What the hell? That is so cheap? I would value this at least as much as cursor? What gives?

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.

  • > 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?

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.

Intercom allegedly has ~400M of annual revenue, making the multiplier less than 10X. Huge customer base and established brand. Looks like a steal indeed!

  • 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.