Trulia Valued at $150 - $200 Million
May 7, 2008 – 1:06 pmAltSearchEngines has written a post on potential acquisitions for Microsoft. One of these potential acquisitions is Trulia.com. Sramana Mitra, the author of this post values Trulia at $150 - $200 million.
Trulia: Real Estate search engine Trulia can be a good trunk to build Microsoft a strong presence in the Real Estate vertical. Valuation: $100-150 Million. Strategy: Acquire another 3-4 vertical portals in Real Estate with a total budget of $1 Billion, including a couple of public companies like ZipRealty.
Pete Flint, Trulia’s CEO recently said they are on track to be profitable by the end of the year. Trulia currently has around 50 - 60 employees. To reach profitability they may need to reach $8 - $10 million in revenue by the end of the year.
The valuation at $150 - $200 million may be a little bit high with a 10 times revenue buyout but if the multiple is higher at 15 - 20 than this valuation may make sense.
One Response to “Trulia Valued at $150 - $200 Million”
I wish I could use hidden text link Trulia does so I have a multi-million dollar evaluation.
http://www.rentvine.com/blog/index.php/truliacom-uses-hidden-text/
By Dave Dugdale on May 13, 2008