Roam’s road ahead

How the tool for networked thought can grow into its $200m valuation

1

It’s happened again.

VCs have invested in a startup at a price that’s got half of tech twitter all like:

Of course, the company in question is Roam, the valuation is $200m (a 200x multiple of their most recent publicly shared ARR of $1m!), and the VCs include industry veterans such as the Collison brothers, Kevin Rose, Tim Ferris, Brianne Kimmel, Nikhil Basu-Trivedi, and many more smart folks.

Regardless of whether you think this is a smart or foolish investment, I think we can all take a step back and admire the sheer improbability of this event. I mean, just imagine toiling for years in obscurity, living in a van, getting rejected by Y Combinator five times, building a note-taking app that’s supposed to “fit everyone’s brains better” but being told over and over again that people don’t understand it, that it’s too complicated, then — seemingly in an instant — getting noticed by a small set of folks who love it, then a slightly larger group, then becoming a cult on Twitter, raising a proper seed round, launching paid plans, hitting $1m ARR within weeks, and, finally, raising a monster round from a who’s-who of Silicon Valley investors at an astronomical valuation.

Learn more

This post is for
paying subscribers

Subscribe →

Or, login.

Read this next:

Divinations

The Inner Ring of The Internet

Hi, Nathan here! It’s been too long, I know!! I’ve got a big piece on product wedges coming out next week, but today I am so excited to shar

69 Jul 10, 2021 by Ali Montag

Divinations

Will HEY Work?

The dust has settled. Now what?

97 🔒 Jun 26, 2020 by Nathan Baschez

Divinations

Inside the Clubhouse

The surprisingly compelling audio app that has consumed my life

238 Apr 24, 2020 by Nathan Baschez

Superorganizers

Walking as a Productivity System

How walks create the foundation of Craig Mod's creative work

54 Jul 27, 2021 by Kieran O‘Hare

Napkin Math

Substack Rhymes With Medium

Substack can't decide if it's a CMS or a media brand. Neither could Medium. Their indecision will likely lead to similar outcomes.

136 Sep 26, 2020 by Adam Keesling