WebMethods IPO'd at $7B on $15M Revenue, Sold for $400M
Dave McJannet · CEO Systems: 5 Lessons Learned from Scaling at Every Growth Phase with HashiCorp CEO Dave McJannet · Oct 11, 2022 · at 2:32
Dave McJannet, CEO of HashiCorp, is citing the history of B2B infrastructure software company webMethods as an example of market valuation volatility.
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“Web methods went public on fifteen million dollars in revenue and opened on the first day at seven billion dollars in valuation, right? That was in 2001. Seven or eight years later, after executing double digit growth rates all through that time, they sold for about four hundred million dollars.”
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