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OpenRouter already takes in around $140M in yearly revenue. How would paying 5% of yearly revenue make any sense for an acquisition??


> How would paying 5% of yearly revenue make any sense for an acquisition??

50x revenue is also a crazy number. I wonder what happens more, companies selling for ≤5% revenue or companies selling for ≥50x revenue.


Well OpenRouter went from ~$5M in mid 2025 to ~$140M about a year later, so although 50x might be compared to current revenue, they probably factored in some growth models to approximate its value over time.


10% would be more typical. Perhaps the math is that OpenRouter inside Stripe makes it twice as valuable. You often see acquisitions priced on the value of the company post-acquisition.




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