Ning earns $1.7 a year on paid subs and they’re worth HOW much?
Ning has never made a profit - and yet stupid ass investment bankers just gave them a $500M valuation. And $60M in cash.
This is one of those rare moments where Owen Thomas is actually acting like an intelligent journalist/blogger while FastCompany just eats up all their bullshit and spits it back out.
That may have something to do with the fact that Ning’s PR flack is Brooke Hammerling.
Wat can Ning do with $44M? Now what can they do with another $60M? Well since they’re not profitable - lets see - they could lost $10M a year for 10 years and still sell the company for $100M.
Why are you so negative about Ning?
They are not the only service that provides free service and then sell premium services, are they?
It this a flawed business model according to you? Or is it the $500m valuation that is too high?
PS: That’s assuming you are not just being provocative.
Why are you so negative about Ning?
They are not the only service that provides free service and then sell premium services, are they?
It this a flawed business model according to you? Or is it the $500m valuation that is too high?
PS: That’s assuming you are not just being provocative.
Why are you so negative about Ning?
They are not the only service that provides free service and then sell premium services, are they?
It this a flawed business model according to you? Or is it the $500m valuation that is too high?
PS: That’s assuming you are not just being provocative.