The shift to remote work has buoyed the valuations of several startups making productivity tools. The latest is Roam Research, which has raised $9 million at a valuation of $200 million, or about 25 times higher than the median valuation for seed rounds.Roam is tapping more than a dozen ...
Roam Research should really be going the Zebra route and not the VC funding route. If the 11 person company is truly self-supporting with its current user base and there’s so much upside for growth, they’d be far better off to keep that value internally.
The only reason for VC funding is if they’re looking to do questionably moral things with their users’ data in the future. Data lock in was already my primary concern before this funding round, now its a complete deal blocker.
The VC funding model means that their long term viability is limited, particularly with the competition in the space. The only reason for company management to take this sort of funding is hopes at a quick buy out and large cash windfall at which point their mumblings at data and privacy for users are moot. Buyer beware.
Aside: From a marketing perspective the photo on this article has me wavering between the ideas of a Northern European shoegaze band and an Arizona-based hipster religious cult.