sumly

$1bn valuation = 20x multiple?

hence you need $50m ARR so you need 250k paid users at $200 / year

thats 12.5m users at 2% conversion

Their growth is becoming explosive, growing 1m+ users per year, 10%+ YoY is pretty good at that scale

Maybe you are not aware but LaTeX is a proxy on research. Are you bearish research? I am not.

long LaTeX. Long Overleaf.

ps: they also give exposure to crypto as many needs LaTeX editor!

---------------------------------------- 2012: Overleaf is founded

2021: 9m users

2022: 10m users

2023: 11m+ users

source: https://www.overleaf.com/blog/wow-ten-million-users

I did not say it was def not a MEH category

I created this thread to find likeminded people to give insights

My experience in conversion from FREE to PAID is 2% is pretty standard. 5% is very good. <1% is meh.

there are 11m users.

there are about double the number of Overleaf users than the Irish population. It's def not small!

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