Zenloop Must Invoice 11,000 NPS App Subscriptions per Month For Its €26M Valuation
▻https://hackernoon.com/zenloop-must-invoice-11-000-nps-app-subscriptions-per-month-for-its-26m-
In its #startup plan, German startup zenloop sells NPS app subscriptions to startups for €299 per month.They just raised €5.3M ($6M) from Nauta Capital and others.ValuationAssume that zenloop sold a 20% equity stake to the investors.Then zenloop is valued at €5.3M / 20% = €26M post-money.ExitAssume that this was a Series A.And that the investors want to make 5x on their investment.And that there will be 1 follow-up round of 20%.Then zenloop must have a €26M * (5 / (1–20%)) = €165M exit value for its €26M valuation.RevenueAssume that zenloop trades at 4x trailing 12 months revenue at exit.And that there will be no cash and debt.Then zenloop must have an average €165M / 4 / 12 = €3.4M in monthly revenue for its €26M valuation.SubscriptionsZenloop charges startups €299 per subscription per month.Then (...)