The American analogue of The Question raised $60 million. It was estimated at 100 annual revenues • The Bell • RIMA

The American analogue of The Question raised $60 million. It was estimated at 100 annual revenues

Quora, an American Q&A service, has raised $60 million in a $2 billion E round from Valor Equity Partners, a Tesla and SpaceX shareholder. Quora's 2018 revenue was only $20 million, a hundred times less than the estimate. This is an example of how highly valued almost all tech companies are right now.

money bubble

Including the latest round, Quora raised $286 million in investments. It rose to a unicorn back in 2017 in an $85 million round at a $1.7 billion valuation.
The company is bad at making money, Vox points out. The first advertisement, the customer of which was Uber, appeared at the service only in 2016, that is, after 7 years of work. Advertisements are still rare on his site.
This valuation is the result of an exorbitant valuation of much of the tech sector, according to Silicon Valley investors polled by Recode. The only visible advantage of the service is the audience. According to our own estimates, this is 300 million unique users per month. But the engagement of this audience is lower than that of Twitter, which has the same number of visitors every month, and Quora knows almost nothing about them.

Context

The company was founded in 2009 by Facebook CTOs Adam d'Angelo and Charlie Cheever. The service, known as “Wikipedia with a Position,” allows you to ask questions like “Does NATO have a chance in a war with Russia” and get a detailed, qualified answer.
A year after its founding, Quora exited closed beta testing and went public. In its first year of public operation, Quora received up to half a million active users per month and $ 11 million in investments, the bulk of which was invested by Benchmark Capital.
Over time, Quora has analogues around the world. One of them was the Russian question and answer service The Question, founded by journalist Tonya Samsonova, which was bought by Yandex at the end of 2018. The Bell then told in detail who the first investors of the startup were, and was the first to talk with Samsonova herself about the short but successful history of “new media”, which managed to interest the largest IT company in Russia. You can read about it here .