Business Insider just raised $12 million more, at a reported valuation of around $100 million. The round was led by the Jeff Bezos, and included RRE Ventures, IVP, Jim Friedlich and Gordon Crovitz.
The $100 million valuation does not seem that far-fetched, because:
1. That Aol sale tale was true, at a $100 million price point, according to what we’ve heard.
2. Business Insider’s 2013 revenue was $20 million, and it’s now valued at 5X revenue. This is less of a multiple than Huffington Post’s $315 million Aol exit, which was 6X its 2011 revenue.
3. It is your go-to source for all your disgraced Stanford MBA news.
4. And your @Goldmansachselevator news.
5. Once, Nich Carlson wrote a story about business-class travel to China.
6. He also wrote a story about Marissa Mayer.
7. Sometimes when I’m stuck on suggestions for people to speak at our conferences, I Google their SA100 slideshows and flip through them.
8. They’ve got lists down to a science.
9. Marc Andreessen says they are the future of news.
10. Marc Andreessen is a Business Insider investor, though he did not participate in this round.
11. Henry Blodget’s incredible career is proof you do get second chances in life.
12. Henry Blodget DGAF.