Glam Media, a vertical advertising network, has raised its fifth round of venture capital – $50 million from aeris CAPITAL, a Switzerland and Silicon Valley based private equity fund. The company is not disclosing the valuation of the round, but it is rumored to be around $750 million.
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Glam Media On A Roll: Raises $50 Million In Private Equity At $750 Million Valuation
Sawickipedia: WTF!?!?!? Don’t these investors look at comparables? Glam is an ad network. Those normally get valued at 3 to 5x rev. This crazy.
(via sawickipedia)
Word. And the expectation that an IPO will happen this or next year means the buck will stop there. Mass scrutiny once it’s public will leave it’s price in the basement.
(via tedr)
Sounds like the kind of round that goes straight into the pockets of the founders / early employees / early investors. Not sure about calling them a pure ad network - the demographic is appealing for e-commerce as well as advertising, if they get around to it.
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