Not a day after I trash Henry Blodget for touting Google stock at $2,000 a share he write a post titled “TechCrunch to Sell to CNET for $100+ Million?”
So first of all I owe Blodget a big apology. The guy is bright, insightful and dead on with his valuation predictions. Yesterday all I saw was an attempt to grab the headlines, but today I understand that real analysis goes into these models. The TechCrunch valuation is of course dead on (if a little low). Hats off to Blodget.
Man, when this guy trashes a company, it must really suck!
Congrats on the $100 valuation! Is a CNET acquisition wishful thinking?
Blodget’s piece is actually based from work on a piece from 24/7 Wall St., which he quotes
Er, yup. It’s Doug McIntyre who proposes the $100m figure.
Welcome to CrunchNotes, TechCrunch style, complete with trashy sensationalisation.
*sigh*
what are the techcrunch unique vistors?
Nick - just under 1 billion monthly, so I think the valuation isn’t too far off the mark.
So Mike, you’re looking to sell off and start a new venture: beachcrunch?
You gotta hand to Blodget: He knows how to handle his critics. I just don’t know why he’s being so conservative with his TechCrunch valuation.
Don’t sell! You need an IPO!
Or you could buid a facebook TechCrunch app and double your valuation.
I agree with JZ. Don’t sell. Trade for like… a hundred Faceboooook options and then quickly trade them for goog and wait… 2k here we come! Whoot!
you really need to rip Blodget a new one more often.
who knows, if you call him your “bee-atch” once a week, you might get up to $200M.
Hey, Mike, can we start talking stock options? Hello? Mike?
I think there is a bug in Henry Blodget’s internal software.
Haha…fantastic Mike!
Michael,
I’ve done some analysis…
http://www.internetevolution.com/author.asp?section_id=466&doc_id=135539&
Good luck. I recommend you consider offers under $100M.
–Scott
Mike,
Those darn analysts must be getting paid by potential acquirers to talk down the acquisition price. Clearly nothing less than a billion-dollar exit will do.
wow. FERRARIS. that is amazing. i would assume thats high but who cares that is a lotta money. i think you guys should give some back to the commentators.