Seeking Alpha

SurveyMonkey becomes the latest tech startup to achieve a $1B+ valuation, courtesy of an equity...

SurveyMonkey becomes the latest tech startup to achieve a $1B+ valuation, courtesy of an equity stake obtained by TPG Capital. TPG's investment is part of a deal in which SurveyMonkey, a developer of survey-building tools for websites, will acquire many of the assets of top competitor Zoomerang. Other startups in the $1B+ club include Airbnb, Dropbox, Square, Workday, Twitter, and (for now) Facebook.
Comments (8)
  • Michael Eisenberg
    , contributor
    Comments (279) | Send Message
     
    CEO Dave Goldberg is rocking it at SurveyMonkey
    14 Dec 2011, 02:49 PM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    Michael,

     

    I appreciate the enthusiasm but feeling a little jaded about the business models underlying these Internet companies - seems a lot more like features than businesses.

     

    Obviously great for the VC's and early stage investors when and if they get their money out but I just don't get where there is longevity and long term competitive advantage in this business model.

     

    There must be a lot more to the business than just this to justify a billion plus in valuation:

     

    http://bit.ly/vTXjOX
    "The acquisition is the biggest in SurveyMonkey's history, and represents a validation of the company's "freemium" model, in which basic online surveys are free, but millions of customers pay for premium services that include customer support and the ability to brand surveys. Interestingly, that model was devised by Ryan Finley, SurveyMonkey's founder, back in 1999, when he started the company in his Madison, Wisconsin, apartment, and long before "freemium" became a buzzword on the Web."

     

    Looking to get educated.

     

    Thanks
    14 Dec 2011, 03:03 PM Reply Like
  • Michael Eisenberg
    , contributor
    Comments (279) | Send Message
     
    big secular shift from people in kentucky calling you to ask you survey questions and focus groups in fancy conference rooms to online surveys and panels. These are big businesses and they are all moving online.
    15 Dec 2011, 09:47 AM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    I think a little Warren Buffet skepticism is in order. If you cannot drink it or eat it I would guess it will not be around in 20 years or less.
    14 Dec 2011, 07:59 PM Reply Like
  • Michael Eisenberg
    , contributor
    Comments (279) | Send Message
     
    Fair....How do you feel about AAPL?
    15 Dec 2011, 09:48 AM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    Sexy and revolutionary. Great devices and makes a lot of money off of music delivery. Are they a tech company or a media delivery company or both? That is an interesting debate.

     

    Will they be around in 20 years? I hope so but no guarantee. RIM was also once sexy and revolutionary now they look boring, hopeless and inept.
    15 Dec 2011, 05:29 PM Reply Like
  • Michael Eisenberg
    , contributor
    Comments (279) | Send Message
     
    20 years is a long way into the future. indeed hard to predict but I bet a lot of people felt that Merrill Lynch would still be around as well.
    17 Dec 2011, 02:38 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    True but ML committed suicide while tech companies just get blown away with innovation. And it comes quickly from two guys in a garage and is pretty whimsical.

     

    Apple was a great company that almost went out of business then became great again. Quite a story but what a crazy ride.
    17 Dec 2011, 04:36 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|