Hacker News Reader

"Unlike most other webapps mint has a very lucrative revenue stream"

People keep saying this as if it were fact, but never provide evidence. From what I've seen, Mint has a great potential for revenue. I've not seen any public statements about their financials.

View on HN

For a privately held entity, how exactly would you like a 3rd party to provide evidence? You have to either know someone on the inside or work by proxy. Assuming you don't know someone, your best proxy is the 10x valuation jump. The $145million valuation wouldn't come without proof of the revenue model to an unproven team.

They were executing revenue, and executing very well.

"For a privately held entity, how exactly would you like a 3rd party to provide evidence?"

If I knew how to answer that question, then we wouldn't be having this little debate. Fortunately, I'm not the one making claims about their profitability.

"They were executing revenue, and executing very well."

That's a strong statement. Prove it.

Teapot

For a privately held entity, how exactly would you like a 3rd party to provide evidence?

That's what "audited financials" are all about. You think it's any different for a public company?

Reply on news.ycombinator.com