April 2012: Quora Raising At A $400M Valuation, With Dâ€™Angelo Putting In His Own Money
Justin Caldbeck stashed this in Quora!
This is a joke. $400M valuation on basically no metrics and a great team. There's been almost zero progress since benchmark's round from what i can tell and i think this company has very little chance to become mainstream.
In this case, the founders are able to completely self-fund, so the valuation reflects the demand by an outside party to participate in this financing.
If true, the valuation puts them closer to the Path-BranchOut side of their peers (not a true breakout hit, but has potential) rather than the Evernote-Instagram-Pinterest-Tumblr side of their peers (has broken out): http://pandawhale.com/convo/1106/instagram-and-path-and-branchout-and-evernote-and-square-oh-my
Remember also that Adam D'Angelo just made a small fortune as an angel investor in Instagram.
He can easily roll the proceeds from that win into Quora.
I also noticed that Marc Andreessen re-engaged with Quora recently.
That helps, too, by showing how easy it is to re-engage with Quora.
1. Why Quora hasn't raised money until now: They didn't need to.
2. Why Quora is worth a lot: Their traffic is diversified.
3. Why Quora is used more than people think: Their content is spread across multiple interests. 24% were about business and tech, 23% about food and entertainment, 20% about politics and social sciences, 20% about health and life advice, and 13% about other topics.
I just realized Quora actually did raise $50m at that $400m valuation from Matrix and Peter Thiel.
Even though Quora only has single digit millions of visitors each month.
They may not go mainstream, but at this rate they'll last a very long time.