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.
April 19th, 2008 at 12:51 am
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.
April 19th, 2008 at 5:39 am
[...] I got this comment left on my post about Ning being $500M from Jean Hughes Robert about my post on Ning: Why are you so negative about Ning? [...]
April 19th, 2008 at 9:38 am
[...] Dollars and Marc Canter isn’t happy about it, so unhappy that he wrote 2 posts about it Ning earns $1.7 a year on paid subs and they’re worth HOW much?, Response to Jean Hughes Robert on his comment about [...]
April 19th, 2008 at 7:05 pm
[...] My sequence of 3 posts on Ning got the expected response from person I was hoping would ‘reach out’ to me. Isn’t the blogosphere efficient? [...]