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Don't know why Techcrunch almost literally shit on Loom in the article - https://techcrunch.com/2023/10/12/atlassian-to-acquire-forme...

They sold for almost 50% less than their last raise but selling a clip recorder product for US$ 1bn is still a big achievement and it is indeed a good software product.

Curious on the multiples they paid though. My guess => US$ 30 MM ARR @ 30x revenue multiple



I feel bad for the employees who joined at the previous valuation though.




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