Mar
18
“Meebo founder Seth Sternberg hopes investors will buy in at $250 million, up from $90 million last year. That’s $10 million more than what JPMorgan wants to pay for Bear Stearns.”
Venture Capital: Is Meebo worth more than Bear Stearns?
Thats hot.
Meebo has been really helfpul in the past when I was in between computers. And, I know that its helpful for people whose companies block IM clients / software downloads.
I understand that Meebo has evolved the platform’s functionality considerably over the past several years, but I suppose that Ive never understood the potential revenue model.
Trillian squandered a large revenue opportunity in the bundled download business for years (though it was a conscious decision).
It will be interesting to see how Meebo can justify a $250 MM valuation.