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

Finding Power

An introduction to Clay Christensen’s most underrated idea: “The Conservation of Modularity”

104 🔒 May 4, 2020 by Nathan Baschez

Divinations

Instagram can’t recreate TikTok’s Magic

The content format is a red herring. What really matters is the structure and purpose of TikTok’s network, which is antithetical to Instagram.

170 Aug 24, 2020 by Nathan Baschez

Divinations

Inside the Clubhouse

The surprisingly compelling audio app that has consumed my life

243 Apr 24, 2020 by Nathan Baschez

Cybernaut

On Twitch, You Can Never Log Off

The demands of daily livestreaming are driving creators to rethink the benefits of Twitch fame

20 Dec 6, 2022 by Fadeke Adegbuyi

Divinations

Announcing: Passion Economics

A new talk show starring Li Jin and yours truly

13 Jul 8, 2020 by Nathan Baschez

Thanks for reading Every!

Sign up for our daily email featuring the most interesting thinking (and thinkers) in tech.

Subscribe

Already a subscriber? Login